AG Inc.made a $10,000 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 $9,900.
B) Debit Accounts Receivable for $9,900 and Sales Discounts for $100.
C) Debit Accounts Receivable for $10,000.
D) Debit Accounts Receivable for $10,000 and Sales Discounts for $100.
Correct Answer:
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