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On January 15th, Saturn Company makes a $10,000 sale on account with terms of 2/10, n/30.The cost of the inventory sold was $6,700. On January
On January 15th, Saturn Company makes a $10,000 sale on account with terms of 2/10, n/30.The cost of the inventory sold was $6,700. On January 25th, Saturn received a check for payment of the items sold on January 15th.Saturn uses the perpetual inventory system.The journal entry Saturn would writeon January 15th to record the cost of goods sold would be
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