Use the Information Above to Answer the Following Question

question 193

Multiple Choice

Use the information above to answer the following question.What journal entry will be prepared by Darin Company on October 8 to record the receipt of payment from Dee?

• A) Debit Cash and credit Accounts Receivable for $6,500
• B) Debit Cash for $5,880, debit Sales Discount for $120, and credit Accounts Receivable for $6,000
• C) Debit Cash for $6,370, debit Sales Discount for $130, and credit Accounts Receivable for $6,500
• D) Debit Cash for $6,300, debit Sales Returns & Allowances for $200, and credit Accounts Receivable for $6,500

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Definitions:

Religious Salvation

The belief or doctrine in many religions that through faith, actions, or redemption, individuals can be saved from sin or its consequences and attain a state of ultimate well-being or eternal life.

Capitalism

An economic system where trade, industries, and the means of production are largely or entirely privately owned and operated for profit, with minimal or no government control.

Protestantism

A branch of Christianity that originated with the Reformation, a movement against what its followers perceived to be errors in the Roman Catholic Church.

Family Disruption

Events or situations causing significant change or interruption in the structure or functioning of a family unit.