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On April 28th, Muggle Company sells goods to Potter Company for $10,000 with terms of 2/10, net 30. On May 5th, Muggle receives cash payments
On April 28th, Muggle Company sells goods to Potter Company for $10,000 with terms of 2/10, net 30. On May 5th, Muggle receives cash payments from Potter. Which of the following will appear in Muggle Companys journal entry under the gross method on May 5th?
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