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Concord Co. uses the gross method to record sales made on credit. On June 1, 2017, it made sales of $58,300with terms4/15, n/45. On June

Concord Co. uses the gross method to record sales made on credit. On June 1, 2017, it made sales of $58,300with terms4/15, n/45. On June 12, 2017, Concord received full payment for the June 1 sale.

Prepare the required journal entries for Concord Co.

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