Sue's Jewelry sold 20 necklaces for $25 each to a credit customer.The invoice included a 6% sales tax and payment terms of 2/10,n/30.In addition,5 necklaces were returned prior to payment.The entry to record the original sale would include:

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The original sale includes 20 necklaces at $25 each, totaling $500. Adding a 6% sales tax results in $530, which is debited to Accounts Receivable.

Sue's Jewelry Sold 20 Necklaces for $25 Each to a Credit