The Entry to Record a Sale of $1,200 with Terms

question 13

Multiple Choice

The entry to record a sale of $1,200 with terms of 2/10, n/30 will include a

• A) debit to Sales Discounts for $24.
• B) debit to Sales Revenue for $1,176.
• C) credit to Accounts Receivable for $1,200.
• D) credit to Sales Revenue for $1,200.

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Definitions:

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