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On January 2. 2013, Kendrick Company has cash sales of $2, 200 from merchandise having a cost of $1,000. The entries to record the day's

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On January 2. 2013, Kendrick Company has cash sales of $2, 200 from merchandise having a cost of $1,000. The entries to record the day's cash sales will include: a $1,000 credit to Cost of Goods Sold, a $2, 200 credit to Cash, a $1,000 credit to Merchandise Inventory, a $2, 200 debit to Accounts Receivable. A credit sale of $500 is made on April 25. terms 2/10, n/30. on which a return of $100 is granted on April 28. What amount is received as payment in full on April 30? 400 500 490 392

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