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Mathematics, 01.11.2019 02:31 sissygirl0807

On february 3, smart company sold merchandise in the amount of $5,800 to truman company, with credit terms of 2/10, n/30. the cost of the items sold is $4,000. smart uses the perpetual inventory system and the gross method. truman pays the invoice on february 8, and takes the appropriate discount. the journal entry that smart makes on february 8 is: a) cash 5,800 accounts receivable 5,800 b) cash 4,000 accounts receivable 4,000 c) cash 3,920 sales discounts 80 accounts receivable 4,000 d) cash 5,684 accounts receivable 5,684 correct response e) cash 5,684 sales discounts 116 accounts receivable 5800

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On february 3, smart company sold merchandise in the amount of $5,800 to truman company, with credit...
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