Question: Select the correct journal entry for each transaction. Qui Choose.. Finish Not applicable Dr. Cash $9,025, Cr. Sales Discount $475 and Cr. AR $9,500 Dr.

Select the correct journal entry for each transaction. Qui Choose.. Finish Not applicable Dr. Cash $9,025, Cr. Sales Discount $475 and Cr. AR $9,500 Dr. AP $4,900, Cr. Cash $4,851 and Cr. Inventory $49 June 1: XYZ Company sold merchandise to ABC Company for $9,500; terms 2/5, n/15, FOB destination (cost of sales $6,650) June 6: Collected the amount owing from the June 1st sale to from ABC Company Dr. Cash $9,310, Dr. Sales Discount $190 and Cr. AR $9,500 This Company Any Company Dr. Cash $9,500 and Cr. AR $9,500 Dr. AR $6,650 and Cr. Sales $6,650 $2,850 N

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