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Dylan J paid Joel and Company $600 to settle an account of $720

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Dylan J paid Joel and Company $600 to settle an account of $720. What entries should be made inJoel’s books?(A) Dr Joel and Company $720 Cr Jules $ 720(B) Dr Discount allowed $ 120 Dr Cash $ 600 Cr Joel and Company $ 720(C) Dr Cash $ 600 Cr Joel and Company $600(D) Dr Joel and Company $720 Cr Cash $600 Cr Discount received $120

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