AG Inc. made a $15,000 sale on account with the following terms: 1/15, n/30. If the company uses the gross method to record sales made on credit, what is/are the debit(s) in the journal entry to record the sale?
A) Debit Accounts Receivable for $14,850.
B) Debit Accounts Receivable for $14,850 and Sales Discounts for $150.
C) Debit Accounts Receivable for $15,000.
D) Debit Accounts Receivable for $15,000 and Sales Discounts for $150.
Correct Answer:
Verified
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