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Fast2F Fast2F
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7 years ago
Monica's Closet received payment in full within the discount period for goods sold on a $600 sales invoice, terms 2/10, n/30. Which entry records this payment?
A) Debit Cash $588, debit Sales Discount $12; credit Sales $600
B) Debit Accounts Receivable $600; credit Sales $600
C) Debit Cash $600; credit Accounts Receivable $600
D) Debit Cash $588, debit Sales Discount $12; credit Accounts Receivable $600
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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AugustisAugustis
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7 years ago
Thank you, thank you, thank you!
yen
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You make an excellent tutor!
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Correct Slight Smile TY
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