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Find which journal entry to record the sale would include

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Reference no: EM132711707

Problem 1: Merchandise with a sales price of $1,000 is sold on account with term 1/10, n/30. The journal entry to record the sale would include a

a. debit to Cash for $10
b. debit to Sales Discounts, $10
c. credit to Accounts Payable, $1,000
d. credit to Sales Revenue, $1,000

Reference no: EM132711707

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