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1 . Sold goods for $ 1 , 4 1 7 on account which includes 9 % sales tax. The goods were sold under terms

1.Sold goods for $1,417 on account which includes 9% sales tax. The goods were sold under terms 3/10 Net 45. The goods are carried within inventory at $400.
2. Purchased Inventory on account for $450 under terms 2/15, n/45.
3. Performed a job for a customer and immediately received payment. The job was comprised of $350 for sales of product (which are held in inventory at $140) and services for $100. Additionally, sales tax of 8% applies.
4. Received payment on the transaction shown in transaction #1 above on the 7th day.

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