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Home Q & A Board Other Fields Homework Help Business Accounting
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gOOvER gOOvER
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6 years ago
Eastern Outfitters sold $2,500 of inventory to a customer on account, terms 3/15 n/40. Freight terms were FOB shipping point and freight charges totalled $150. The entry to record the sale would include a:
A) credit to Accounts Receivable for $2,350.
B) debit to Sales Revenue for $2,500.
C) credit to Sales Revenue for $2,500.
D) debit Accounts Receivable for $2,650.
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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KryzenKryzen
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6 years ago
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gOOvER Author
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5 years ago
Your help has been outstanding, keep it up!
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