A $100,000 Sale Transaction Is Made with Terms of 5/10

question 44

Multiple Choice

A $100,000 sale transaction is made with terms of 5/10, net 30. What amount is debited to the accounts receivable account when the sale is made under the gross method of recording a discount?

• A)$95,000 credit
• B)$95,000 debit
• C)$100,000 credit
• D)$100,000 debit

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