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Darko Inc Made a $60,000 Sale on Account with Terms of of 1/15

Question 101

Multiple Choice

Darko Inc. made a $60,000 sale on account with terms of 1/15, n/30. If the company uses the gross method, which of the following will be included in the journal entry to record the sale on account?


A) credit Accounts Receivable $60,000
B) debit Sales Discount $600
C) credit Sales Revenue $60,000
D) debit Cash $60,000

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