A $50,000 sale transaction is made with terms of 2/10, net 30. Assuming that the customer takes the discount, what amount is booked to the "cash discount" account under the net method of recording a discount?
A) $0
B) $1,000 debit
C) $1,000 credit
D) $49,000 debit
Correct Answer:
Verified
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A)The "net" method for
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