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A company uses the periodic inventory system and the gross method of accounting for sales. The company had the following transactions. August 2 Sold merchandise

A company uses the periodic inventory system and the gross method of accounting for sales. The company had the following transactions.
August 2 Sold merchandise to a customer, on credit for $6,600, terms 215,n60. The items sold had a cost of $2,100. August 4 The customer returned merchandise that had a selling price of $1,200. The cost of the merchandise returned was $1,010.
August 16 Received payment for the merchandise sold on August 2, less any discounts.
Prepare journal entries to record these transactions.
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