If Duke Corporation bills Liberty Advisors $16,200 for product sold during the week with terms of 3/10,

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If Duke Corporation bills Liberty Advisors $16,200 for product sold during the week with terms of 3/10, n/30 under the net method, what account will be credited and by what amount in the entry to record the sale?

a. Credit Accounts Receivable for $15,714

b. Credit Sales Revenue for $15,714

c. Credit Accounts Receivable for $16,200

d. Credit Sales Revenue for $16,200

Related Book For answer-question

International Accounting

ISBN: 978-0078110955

3rd Edition

Authors: Timothy Doupnik, Hector Perera

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Posted Date: Nov 12, 2023 11:59 PM

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If Duke Corporation bills Liberty Advisors $16,200 for product sold during the week with terms of 3/10,

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International Accounting

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