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A sales transaction of $5,000 provides the customer a cash discounts of 2/15, n/30. If the firm adopts the net method to account for the
A sales transaction of $5,000 provides the customer a cash discounts of 2/15, n/30. If the firm adopts the net method to account for the transaction initially and the customer did not take advantage of the discount within 15 days, the journal entry on the date of payment involves ______________
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