Multiple Choice
Fraxon Inc.made a $10,000 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 customer payment within the discount period?
A) credit Accounts Receivable $10,000
B) credit Sales Discount $100
C) credit Sales Revenue $10,000
D) credit Cash $9,900
Correct Answer:
Verified
Correct Answer:
Verified
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