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5. Sales on account, with 210,n30 cash discount terms.
(a) Merchandise is sold on account for $450.
(b) The balance is paid within the discount period.
(c) Merchandise is sold on account for $280.
(d) The balance is paid after the discount period.
\table[[,Accour,its Receivable,],[(a)v,450,(b),v,450],[(c),,(d),,]]
Sales Discounts
(b)
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Sellina merchandise for cash involves an increase in cash and sales.
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