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ABC Company is a merchandising firm. On June 3, the company sells, on account, merchandise for $2.200, credit terms 2/10, 1/30. The cost of merchandise

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ABC Company is a merchandising firm. On June 3, the company sells, on account, merchandise for $2.200, credit terms 2/10, 1/30. The cost of merchandise sold is $1,200 On June 8. ABC Company collects the amount due from June 3 sale Which of the following is correct regarding the journal entry to record the transaction on June 8

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