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Business, 01.10.2019 06:00 Scoopaloop

On july 22, peter sold $15,500 of inventory items on credit with the terms 2/15, net 30. payment on $10,000 sales was received on august 1 and the remaining payment was received on august 12. assuming peter uses the gross method of accounting for sales discounts, which one of the following entries was made on august 1 to record the cash received? a. cash 9,800sales discount 200accounts receivable 10,000b. cash 10,000accounts receivable 10,000c. cash 9,800accounts receivable 9,800d. accounts receivable 200sales discount forfeited 200

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On july 22, peter sold $15,500 of inventory items on credit with the terms 2/15, net 30. payment on...
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