Multiple Choice
Gina's Flower Shop received payment in full for goods sold within the discount period on a $1,000 sales invoice, terms 1/10, n/30. Which entry records this transaction?
A) Debit Accounts Receivable, credit Flower Sales for $1,000
B) Debit Cash, credit Accounts Receivable for $990
C) Debit Cash for $990, debit Sales Discount for $10, and credit Accounts Receivable for $1,000
D) Debit Cash for $990, debit Sales Discount for $10, and credit Flower Sales for $1,000
Correct Answer:

Verified
Correct Answer:
Verified
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