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    Exam 5: Merchandising Operations and the Multiple-Step Income Statement
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    The Entry to Record a Sale of $1,800 with Terms
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The Entry to Record a Sale of $1,800 with Terms

Question 29

Question 29

Multiple Choice

The entry to record a sale of $1,800 with terms of 2/10, n/30 will include a


A) debit to Sales Discounts for $36.
B) debit to Sales Revenue for $1,764.
C) credit to Accounts Receivable for $1,800.
D) credit to Sales Revenue for $1,800.

Correct Answer:

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