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On September 12, Vander Company sold merchandise in the amount of $7,200 to Jepson Company with credit terms of 5/10, n/30. The cost of the

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On September 12, Vander Company sold merchandise in the amount of $7,200 to Jepson Company with credit terms of 5/10, n/30. The cost of the items sold is $5,400. Vander uses the periodic inventory system and the gross method of accounting for sales. The journal entry or entries that Vander will make on September 12 is

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