Next Page Mir Ali: Attempt 2 Question 5 (1 point) Smith Co. sold $10,000 of merchandise on account on April 3, 20x7 unde

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Next Page Mir Ali Attempt 2 Question 5 1 Point Smith Co Sold 10 000 Of Merchandise On Account On April 3 20x7 Unde 1 (37.24 KiB) Viewed 6 times

Next Page Mir Ali: Attempt 2 Question 5 (1 point) Smith Co. sold $10,000 of merchandise on account on April 3, 20x7 under the terms 2/15, n/45. The customer paid the balance of the account on April 16th. The journal entry to record the receipt of cash includes which of the following? a) $200 decrease to net income and $10.000 reduction in accounts receivable b) $200 decrease to net income and $9,800 reduction in accounts receivable c) $0 impact to net income and $10,000 reduction in accounts receivable d) $0 impact to net income and $9,800 reduction in accounts receivable. Next Page Page 5 of 5 Page 5 of 5 X