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What journal entry that reyenbeau will make includes credit

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Reference no: EM132920829

Question 1: On October 1, Reyenbeau Company sold inventory in the amount of $5,800 to Wiles. On October 3, Wiles contacts Reyenbeau and negotiates a $300 allowance. Both companies use perpetual inventory. The journal entry that Reyenbeau will make includes a credit to:

Option 1: Accounts Receivable

Option 2: Sales Revenue

Option 3: Sales Returns and Allowances

Option 4: Sales Discounts

Reference no: EM132920829

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