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Half of the sales on account were paid within the discount period; the other accounts were paid in full by the end of the month.
Half of the sales on account were paid within the discount period; the other accounts were paid in full by the end of the month. Read the requirements. debits first, then credits. Exclude explanations from any journal entries.) First, record the sales on account. Requirements Next, record the credit card sales. 1. Journalize the sales on account, the credit card sales, and the cash payments on account received during the month. 2. Calculate the net sales revenue for the month. Now, record the cash payments on account received during the month. (Prepare a compound entry for all cash payments on account received during the month.) Requirement 2. Calculate the net sales revenue for the month. The net sales revenue for the month is
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