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A sale is made for $4, 500: terms are 2/10. n/30 At what amount should the sale be recorded under the gross method of recording
A sale is made for $4, 500: terms are 2/10. n/30 At what amount should the sale be recorded under the gross method of recording sales discounts? Prepare the required journal entry to record the sale under the gross method of recording sales discounts. (if no entry is required for a transaction event, select "No journal entry required" in the first account field.) Prepare the collection entry, assuming that, collection a made during the discount period. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
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