Edwards Company sells foods wholesale. On January 15, Edwards sold 100 cases of beans to Swoops Company for $3 per case with terms of 2/10, n/30. On January 25, Swoops Company paid Edwards the full amount due. Given this information, the entry to record the collection of cash by Edwards Company on January 25 would include a debit to
A) Cash of $294
B) Accounts Receivable of $300
C) Cash of $300
D) Accounts Receivable of $294
Correct Answer:
Verified
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