Secret Trails received payment in full within the credit period for horse boarding for $900 plus 6% sales tax. Terms of the sale were 2/10, n/30. Which entry is required to record this?
A) Debit Cash, $900; credit Sales, $900
B) Debit Cash, $936; debit Sales Discount $18; credit Accounts Receivable, $954
C) Debit Cash, $954; credit Sales, $954
D) Debit Cash, $936; credit Sales, $936
Answer: B
Business
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