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LussionLocator assignment-take&inprogress-false eBook Calculator Brief Exercise 5-41 (Algorithmic) Sales Discounts Taken Gordon's Grocers purchases bread from Buddy's Bread Company at $1.85 per loaf. Gordon's recently

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LussionLocator assignment-take&inprogress-false eBook Calculator Brief Exercise 5-41 (Algorithmic) Sales Discounts Taken Gordon's Grocers purchases bread from Buddy's Bread Company at $1.85 per loaf. Gordon's recently engaged in a customer service contract with Buddy's to purchase 315,000 loaves of Buddy's bread. Buddy offered credit to Gordon's at terms of 2/10, n/30. Buddy expects Gordon to pay within the discount perlocd. Required Prepare the journal entry to record the sale using the net method, rounding to the nearest whole dollar Hint: In calculating your answer, use one minus the discount rate (eg. 1-0.02-0.98) Accounts Receivable Sales Revenue Record sale Then, prepare the journal entry assuming the payment is made within 10 days (the discount period). If required, round your answers to nearest whole dola Cash Accounts Receivable Record collection within discount period 1236PM ^7/2/2018 di

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