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A company records credit sales using the net method. On April 6, the company has a credit sale, giving the customer a 4% trade discount.
A company records credit sales using the net method. On April 6, the company has a credit sale, giving the customer a 4% trade discount. Terms of the sale are 3/15, n/60. The customer pays the appropriate account balance due on May 2 and the company records $2,700 in sales discounts forfeited. What was the original amount of the credit sale on April 6 (before any discount)?
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