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answer this Q pleas in the amount of $4,800 to Truman Company, with credit terms of 1/10n/30. The cost of the items sold is $3,310.

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in the amount of $4,800 to Truman Company, with credit terms of 1/10n/30. The cost of the items sold is $3,310. Smart uses the perpetual inventory system and the gross method. Truman pays the invoice on February 8, and takes the appropriate discount. The journal entry that Smart makes on February 8 is: 3,230 Cash Sales discounts

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