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Company SS sold merchandise on credit for $70,000 with terms of 2/10, n/30. If the customer pays within the discount period, calculate the amount the

Company SS sold merchandise on credit for $70,000 with terms of 2/10, n/30. If the customer pays within the discount period, calculate the amount the customer needs to pay and record the journal entry for the sale. Also, determine the amount of discount the customer will receive.

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