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Instructions Long Corporation is a fabric manufacturing company. On January 20, Long made sales to Lyndsay's Lace in the amount of $15,000 with terms

Instructions Long Corporation is a fabric manufacturing company. On January 20, Long made sales to Lyndsay's Lace in the amount of $15,000 with terms of 2/10, n/30. Lyndsay's paid Long on January 28. Assume Long records accounts receivable and sales using the net price method. Required: Prepare the related journal entries for Long.

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