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n March 12, Klein Company sold merchandise in the amount of $7,800 to Babson Company, with credit terms of 210, n/30. The cost of the
n March 12, Klein Company sold merchandise in the amount of $7,800 to Babson Company, with credit terms of 210, n/30. The cost of the items sold is $4.500. Klein uses the perpetual inventory system and the gross method of accounting for sales. The journal entry or entries that Klein will make on March 12 is
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