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A credit sale is made on March 1 for $1000, terms 2/10 net 30. On March 3, $150 of the goods are returned for credit.

  1. A credit sale is made on March 1 for $1000, terms 2/10 net 30. On March 3, $150 of the goods are returned for credit. Give the journal entry on March 8, to record the receipt of the balance due within the discount period.

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