Give the required entry for teds outlet


Question: Feb. 1 sold 10 DVDs to Ted's Outlet for 39.99 each with the terms 2/10 N 90 on account. Give the required entry for Ted's Outlet in his journal for Feb. 1 Group of answer choices Debit Sales 399.90, Credit Accounts receivable/ABC Warehouse 399.90 Debit Purchase 399.90, Credit Accounts payable/ABC Warehouse 399.90 Debit Cash 399.90, Credit Sales 399.90 Debit Purchase 399.90, Credit Cash 399.90 No journal entry is needed for Ted's Outlet

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Accounting Basics: Give the required entry for teds outlet
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