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19. Merchandise with a sales price of $5,000 is sold on account with terms 2/1o. n/30. The journal entry to record the sale would include

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19. Merchandise with a sales price of $5,000 is sold on account with terms 2/1o. n/30. The journal entry to record the sale would include a Co. sells merchandise on credit to Isaiah Co. for $9,700. The invoice is dated May 1 with terms of 1/15, net 45. What is the amount of the discount and up to what the invoice be paid in order for the buyer to take advantage of the discount? 20. Jacob date must sold to Isabella Co. merchandise on account FOB shipping point, 2/10, $15,000. Emma Co. prepaid the $750 shipping charge. Using the perpetual 21. Emma Co. net 30, for inventory method, which of the following entries will Isabella Co. make to record the payment for the merchandise if Isabella Co. pays within the discount period

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