Joe Company sold merchandise with an invoice price of $1,000 to Gibbs, Inc., with terms of 2/10, n/30. Which of the following is the correct entry for Joe Company to record the collection from Gibbs within 30 days if the company uses the periodic inventory system? 
A) Choice A
B) Choice B
C) Choice C
D) Choice D
Correct Answer:
Verified
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A) Factory
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