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Leno Company sells goods to the Fallon Company for $10,000. It offers credit terms of 44/10, n/30. If Fallon Company pays the invoice within the
Leno Company sells goods to the Fallon Company for
$10,000.
It offers credit terms of
44/10,
n/30. If Fallon Company pays the invoice within the discount period, Leno Company will record a debit to Cash in the amount of:
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