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Merchandise costing $1,800 is sold for $2,800 on terms 2/30, n/60. If the customer pays within the discount period, what amount will be reported on

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Merchandise costing $1,800 is sold for $2,800 on terms 2/30, n/60. If the customer pays within the discount period, what amount will be reported on the income statement as net sales and as gross profit? Net Sales 8 0040 Gross Pront

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