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On March 12, Klein Company sold merchandise in the amount of $7 800 to Babson Company, with credit terms of 2/10, n/30 The cost of

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On March 12, Klein Company sold merchandise in the amount of $7 800 to Babson Company, with credit terms of 2/10, n/30 The cost of the hems sold is $4,500. Kiein uses the method of accournting for sales. On March 15, Babson returns some of the merchandise, The entyes) that Klein must make on March 15 is 4aet perpetualinventory system and the net which is not defective. The selling price of the returned merchandse is $600 and the cost of the merchandise returned is $350 Multiple Choice

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