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On October 18, 2021, Lazy Cows Farm sold 2,000 pounds of beef to Happy Supermarket for $3,400, subject to terms 2/10, 1/30. Lazy Cows Farm

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On October 18, 2021, Lazy Cows Farm sold 2,000 pounds of beef to Happy Supermarket for $3,400, subject to terms 2/10, 1/30. Lazy Cows Farm uses the gross method of accounting for sales discounts. 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 October 26, 2021 and November 15, 2021. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 and 3 Prepare the journal entries to record receipt of the payment, assuming the correct amount was received on October 26, 2021 and November 15, 2021. (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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