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Gappule Corp

Question 37

Multiple Choice

Gappule Corp.made a $10,000 sale on account with terms: of 1/15,n/30.If the company uses the net 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) debit Sales Discounts Forfeited $100
C) credit Sales Revenue $9,900
D) debit Cash $9,900

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