Eurobake Inc. made a $50,000 sale on account with terms of 1/15, n/30. If the company uses the net method, which of the following will be included in the journal entry to record the sale on account?
A) debit Accounts Receivable $50,000
B) debit Accounts Receivable $49,500
C) debit Sales Discount Forfeited $500
D) credit Sales Discount Forfeited $500
Correct Answer:
Verified
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