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hannahk17 hannahk17
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5 years ago
Gappule Corp. made a $70,000 sale on account with terms: of 2/15, n/30. If the company uses the net method, which of the following will be included in the journal entry to record customer payment within the discount period?
A) credit Accounts Receivable $70,000
B) debit Sales Discounts Forfeited $1400
C) credit Sales Revenue $68,600
D) debit Cash $68,600
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
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5 years ago
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hannahk17 Author
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5 years ago
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