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On February 3, Smart Company sold merchandise in the amount of $2,200 to Truman Company, with credit terms of 3/10, nV30, The cost of the

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On February 3, Smart Company sold merchandise in the amount of $2,200 to Truman Company, with credit terms of 3/10, nV30, The cost of the items sold: $1,520. Smart uses the perpetual inventory system and the gross method. Truman pays the invoice on Febnary 8 and takes the appropriate discount. The journal entry that Smart makes on February 8 is: Multiple Choice

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