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On March 1 2 , Fret Company sold merchandise in the amount of $ 7 , 8 0 0 to Babson Company, with credit terms
On March Fret Company sold merchandise in the amount of $ to Babson Company, with credit terms of n The cost of the items sold is $ Fret uses the perpetual inventory system and the gross method of accounting for sales. Babson pays the invoice on March and takes the appropriate discount. The journal entry that Fret makes on March is:
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