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Assume that Wal-Marts warehouse store (Sams Club) sells tables on account to a local business for $500 with payment terms of 2/10, n/30. The tables

  1. Assume that Wal-Marts warehouse store (Sams Club) sells tables on account to a local business for $500 with payment terms of 2/10, n/30. The tables cost Wal-Mart $270. Analyze and record this sale.
  2. The customer pays Wal-Mart for the purchase within the discount period. Analyze and record this sale.

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