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On February 3 , a company provides services on account for $25,000, terms 2/10,n/30. On February 9 , the company receives payment from the customer
On February 3 , a company provides services on account for $25,000, terms 2/10,n/30. On February 9 , the company receives payment from the customer for those services on February 3. Required: 1. Determine the financial statement effects when the company provides services on account on February 3. 2. Determine the financial statement effects when the company collects cash from the customer on February 9. Complete this question by entering your answers in the tabs below. Determine the financial statement effects when the company provides services on account on February 3. (Amounts to be deducted should be entered with minus sign.)
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