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On July 3rd,Jared Company sold to Ivanka Company merchandise having a sale price of $10,000 with terms of 3/10, n/60, f.o.b. shipping point. On July

On July 3rd,Jared Company sold to Ivanka Company merchandise having a sale price of $10,000 with terms of 3/10, n/60, f.o.b. shipping point. On July 12th, Ivanka Company sent a check for the balance due to Jared Company. Gross Method Net Method

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