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Merchandise costing $3,000 is sold for $4,000 on terms 2/30, n/60. If the customer pays within the discount period, what amount will be reported

Merchandise costing $3,000 is sold for $4,000 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 Gross Profit

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