A $50,000 Sale Transaction Is Made with Terms of 2/10

question 73

Multiple Choice

A $50,000 sale transaction is made with terms of 2/10, net 30. What amount is debited to the accounts receivable account when the sale is made under the gross method of accounting for cash discounts?

• A)$49,000 credit
• B)$49,000 debit
• C)$50,000 credit
• D)$50,000 debit

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