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Merchandise with a sales price of $3,500 is sold on account with terms 3/10, n/60. The journal entry to record the sale would include a
Merchandise with a sales price of $3,500 is sold on account with terms 3/10, n/60. The journal entry to record the sale would include a
debit to Merchandise Inventory for $105
credit to Sales $3,395
credit to Sales for $3,500
debit to Cash for $3,500
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