A company sells $25 000 in merchandise to a customer on terms 2/8, net 30 on 29

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A company sells $25 000 in merchandise to a customer on terms 2/8, net 30 on 29 October 2012. The customer pays on 5 November 2012 in full. What is the journal entry to record the payment?

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Financial Accounting A Global Perspective

ISBN: 9780470518403

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Authors: Rod Monger

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Question Posted: Jun 16, 2024 04:16 AM

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A company sells $25 000 in merchandise to a customer on terms 2/8, net 30 on 29 October 2012. The customer pays on 7 November 2012 in full. What is the journal entry to record the payment? LO1.
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A company sells $25 000 in merchandise to a customer on terms 2/8, net 30 on 29

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Financial Accounting A Global Perspective

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