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On March 15, 2021, Lincoln Electronics sold some equipment to Alpha Corp. for $10,000, subject to terms 2/10, 1/30. Lincoln uses the mross method of

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On March 15, 2021, Lincoln Electronics sold some equipment to Alpha Corp. for $10,000, subject to terms 2/10, 1/30. Lincoln uses the mross method of accounting for sales discounts. Fequired: - Prepare the journal entry to record the sale. & 3. Prepare the journal entries to record receipt of the payment, assuming the correct amount was received on March 20, 2021 and pril 8, 2021 Complete this question by entering your answers in the tabs below. Reg 1 Req 2 and 3 Prepare the journal entry to record the sale. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet

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