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On March 6, Kanata Tools sells a customer $32,400 of inventory on account with terms 3/15, n/40. On March 19, the customer pays off
On March 6, Kanata Tools sells a customer $32,400 of inventory on account with terms 3/15, n/40. On March 19, the customer pays off the full balance. Assume the company uses the gross method for cash discounts. Record the March 19 payment into a journal entry. Please copy and paste the blank table below into your answer field and type in the necessary information. Note that not all lines may be needed. Date Account Debit Credit
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