Hole Sailors, Inc sold merchandise on credit with a list price of $12,000. Terms were 1/20, n/45. Which of the following entries correctly applies the indicated method to record the sale?
A) ?Net Price MethodAccounts Receivable 10,800Sales 10,800
B) Net Price MethodAccounts Receivable 11,400Sales 11,400
C) ?Net Price MethodAccounts Receivable 12,000Sales 12,000
D) ?Gross Price MethodAccounts Receivable 12,000Sales 12,000
D
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