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On June 1, 2016, ABC Company sold merchandise on credit at an invoice price of $1,000; terms 2/10, n/30. Required: Prepare the journal entries to

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On June 1, 2016, ABC Company sold merchandise on credit at an invoice price of $1,000; terms 2/10, n/30. Required: Prepare the journal entries to record the following: To record the sale. Assumption A: To record collection on June 28, 2016. Assumption B: To record collection on June 9, 2016

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