?On August 1, Party Hearty Company sold merchandise on credit with a list price of $6,300. Terms were 2/10, n/30. Which of the following entries correctly applies the indicated method to receive the appropriate customer payment on August 15?
A. ?Net Price MethodCash 6,174 Sales Revenue 126 Accounts Receivable 6,300
B. ?Gross Price MethodCash 6,300 Accounts Receivable 6,300
C. ?Net Price MethodCash 6,174 Accounts Receivable 6,174
D. ?Gross Price MethodCash 6,300 Sales Revenue 126 Accounts Receivable 6,174
Answer: B
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