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Nevada Company provided services with a list price of $13,400 to Small Enterprises with terms 3/15, n/30. Nevada records sales at gross. Required: 1. Prepare
Nevada Company provided services with a list price of $13,400 to Small Enterprises with terms 3/15, n/30. Nevada records sales at gross. Required: 1. Prepare the entry to record this sale in Nevada's journal. If an amount box does not require an entry, leave it blank. (Record sale) 2. Prepare the entry for Nevada's journal to record receipt of cash in payment for the sale within the discount period. If an amount box does r it blank. 3. Prepare the entry for Nevada's journal to record receipt of cash in payment for the sale after the discount period. If an amount box does no blank. (Record collection after discount period)
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