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Gapper Corp. made $41,000 sale on account with terms 2/15, n/30. If the company uses gross method, how much will be credited to accounts receivable
Gapper Corp. made $41,000 sale on account with terms 2/15, n/30. If the company uses gross method, how much will be credited to accounts receivable in the journal entry to record receipt of cash if the payment is made within the discount period?
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Intermediate Accounting
Authors: Kin Lo, George Fisher
3rd Edition Vol. 1
133865940, 133865943, 978-7300071374
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