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On July 22 , John Inc. sold $20100 of inventory items on credit with the terms 3/15, net 30 . Payment on $12500 sales was

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On July 22 , John Inc. sold $20100 of inventory items on credit with the terms 3/15, net 30 . Payment on $12500 sales was received on August 1 and the remaining payment was received on August 12. Assuming John uses the gross method of accounting for sales discounts, which one of the following entries was made on August 1 to record the cash received

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