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On March 1, Lincoln sold merchandise on account to Concord Company for $30,100, terms 1/10, net 45 . On March 6 , Concord returns merchandise

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On March 1, Lincoln sold merchandise on account to Concord Company for $30,100, terms 1/10, net 45 . On March 6 , Concord returns merchandise with a sales price of $2,400. On March 11, Lincoln receives payment from Concord for the balance due. Prepare journal entries to record the March transactions on Lincoln's books. (You may ignore cost of goods sold entries and explanations.) (Credit account titles are outomatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) 4 eTextbook and Media Attempts: 0 of 1 used

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