Puzzle Company sold merchandise on credit with a list price of $75,000. Terms were 3/10, n/30. Which of the following entries correctly applies the indicated method to record the sale?

A) Gross Price MethodAccounts Receivable 72,750Sales 72,750
B) ?Net Price MethodAccounts Receivable 72,750Sales 72,750
C) ?Net Price MethodAccounts Receivable 75,000Sales 75,000
D) ?Gross Price MethodAccounts Receivable 72,000Sales 72,000

Business

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