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On March 12, 2024, Admiral Electronics sold 20 fax machines to Cool Stuff Company for a total of $10,000, subject to terms 2/10, n/30. Admiral

image text in transcribed On March 12, 2024, Admiral Electronics sold 20 fax machines to Cool Stuff Company for a total of $10,000, subject to terms 2/10, n/30. Admiral uses the gross method of accounting for sales discounts. Required: A. Prepare the journal entry to record the sale. B & C. Prepare the journal entries to record the receipt of the payment, assuming the correct amount was received on March 20, 2024 and April 5, 2024. Edit View Insert Format Tools Table 12pt Paragraph BIU A O words

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