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Which one of the entry recorded by sarak on june

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Question - Sarak Inc. purchased inventory from the Horta Co. on credit on January 1, 2017. The company signed a six-month non-interest-bearing note payable for $12,000. The note is to be discounted at 8 percent with payment due on June 30, 2017. Which one of the following will be an entry recorded by Sarak on June 30, 2017?

A. Debit Discount on STNP $480

B. Debit Inventory $12,000

C. Debit Discount on STNP $960

D. Credit STNP $11,520

Reference no: EM133104895

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