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On July 10, 2022, Rex Company sold merchandise at an invoice price of $5,000 with terms of 2/10,n/30. Required: Prepare the journal entries to record
On July 10, 2022, Rex Company sold merchandise at an invoice price of $5,000 with terms of 2/10,n/30. Required: Prepare the journal entries to record the following: Sale on July 10, 2022. Assumption A: Collection of the account on August 9, 2022. Assumption B: Collection of the account on July 18, 2022. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account fie Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Record the \$5,000 cash collected on August 9, 2022. Note: Enter debits before credits. Journal entry worksheet Record the $5,000 cash collected on July 18, 2022. Note: Enter debits before credits
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