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Daves Digital sold merchandise to a customer on credit for $1,000, terms 2/10, n/30. Daves had originally purchased the merchandise from a supplier at a
Daves Digital sold merchandise to a customer on credit for $1,000, terms 2/10, n/30. Daves had originally purchased the merchandise from a supplier at a cost of $450. When recording the sales transaction in its sales journal, Daves would enter what amount into its Cost of Goods Sold Dr. / Inventory Cr. column?
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