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1. On February 3, Smart Company sold merchandise in the amount of $4,400 to Truman Company, with credit terms of 2/10, n/30. The cost of

1. On February 3, Smart Company sold merchandise in the amount of $4,400 to Truman Company, with credit terms of 2/10, n/30. The cost of the items sold is $3,035. Smart uses the perpetual inventory sy...

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