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Question(s) / Instruction(s):

A company using the net method of recording purchases failed to take advantage of a discount available. When they pay the full (gross) amount of an invoice at the end of the credit period the journal entry will include a debit to:
a.   Accounts Receivable
b.   Merchandise Inventory
c.   Cash
d.   Discounts Lost
e.   Sales Discounts

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