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Cash Discounts, Part 1 Sarabeth sold goods to Izzy Corp. for $100,000. Sarabeth offers the following terms related to the sale: 5/10, n/60. Please provide
Cash Discounts, Part 1 Sarabeth sold goods to Izzy Corp. for $100,000. Sarabeth offers the following terms related to the sale: 5/10, n/60. Please provide the appropriate journal entries Sarabeth will record below assuming the gross method is used to record cash discounts. If no entry is required, please write "N/A" below You may round your answers to the nearest dollar. Journal entry/entries at sale using the GROSS METHOD: Journal entry/entries if cash is received after 10 days of the sale using the GROSS METHOD: Journal entry/entries if cash is received within 10 days of the sale using the GROSS METHOD
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