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On March 12, 2018, Admiral Electronics sold 20 fax machines to Cool Stuff Co. for $10.500, subject to terms 30. the gross method of accounting

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On March 12, 2018, Admiral Electronics sold 20 fax machines to Cool Stuff Co. for $10.500, subject to terms 30. the gross method of accounting for sales discounts 0 Adet Required: 1. Prepare the journal entry to record the sale 2 & 3. Prepare the journal entries to record receipt of the payment, assuming the correct amount was received on March 20, 2018 and April 5, 2018 Complete this question by entering your answers in the tabb

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