Multiple Choice
A merchandiser received payment in full after the expiration of the discount period on a $3,000 sales invoice, terms 3/15 n/30. The journal entry would include a:
A) debit to Cash for $2,910.
B) credit to Accounts Receivable for $2,910.
C) debit to Sales Discount of $90.
D) debit to Cash for $3,000.
Correct Answer:
Verified
Correct Answer:
Verified
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