Merchandise with a sales price of $5,000 is sold on account with terms 2/10, n/30. The journal entry to record the sale would include a
A) debit to Cash for $5,000
B) debit to Customer Refunds Payable for $100
C) credit to Sales for $4,900
D) debit to Accounts Receivable for $4,880
Correct Answer:
Verified
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