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Assume that on May 19th, Eddy Inc. received a check in full payment of the sale made on May 10th. Prepare the journal entry to

Assume that on May 19th, Eddy Inc. received a check in full payment of the sale made on May 10th. Prepare the journal entry to record the sale if Eddy uses:

a)The gross method

b) The net method

Instead of the payment on May 19th, now assume Eddy. Inc. received a check on May 31st, in full payment of the sale made on May 10th

Prepare the journal entry to record the sale if Eddy uses: The gross or the net method

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