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Kelvin Co. uses the gross method for recording credit sales. On December 17 the company sold $240,000 with terms 3/10, n/30 to Debbie, Inc. On
Kelvin Co. uses the gross method for recording credit sales. On December 17 the company sold $240,000 with terms 3/10, n/30 to Debbie, Inc. On December 25, Debbie, Inc. paid 70% of their balance. What will Kelvin Co. report on its December 30 balance sheet for the amount due from Debbie, Inc.? (A 38) Group of answer choices
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