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Marigold Co. uses the net method to account for cash discounts. On June 1, 2017, it made sales of $52, 500 with terms 3/15, n/45.

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Marigold Co. uses the net method to account for cash discounts. On June 1, 2017, it made sales of $52, 500 with terms 3/15, n/45. On June 12, 2017, Marigold received full payment for the June 1 sale. Prepare the required journal entries for Marigold Co

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