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Merchandise Inventory The Thanksgiving Company sells $11,500 of Inventory for a price of $15,000, on account, with terms of 2/10, n/30. Record both journal entries

Merchandise Inventory

The Thanksgiving Company sells $11,500 of Inventory for a price of $15,000, on

account, with terms of 2/10, n/30. Record both journal entries for this transaction.

(see the notes in the power point)

(A)

(B)

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