Homework Answers
The right option is 3rd - " Debit accounts receivable for $26,200".
As the accounts receivable are recorded using the gross method, therefore no discount will be recorded until and unless the payment is realized within the credit period. Therefore, accounts receivable will be debited for full amount of credit sales i.e. for $26,200.
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Shor Question 3 View Policies Current Attempt in Progress Bramble Corp. made a $26200 sale on account with the foll...
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