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Netherland Corporation has the following unausted balances Accounts Receivable $91,000 (de) and Allowance for Sales Discounts $410 credit) of the receivables, 561,000 of them are

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Netherland Corporation has the following unausted balances Accounts Receivable $91,000 (de) and Allowance for Sales Discounts $410 credit) of the receivables, 561,000 of them are within the 2x discount period, and Netherland expects buyers to take $1.220 in future period discounts (561.000 24 arising from this period's sales. The adjusting entry to estimate sales discounts is Gare Multiple Choice Sales Discounts Allowance for Sales Discounts 1,220 Sales Discounts Accounts receivable 1.220 1,20 61.00 Sales Discounts Sales Cost of Goods Sold Inventory Net Estimated 1,230 1,220 Accounts Receivable 91,00 B10 Sales Discounts Allowance for Sales Discounts 310

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