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Prepare formal journal entries for the following transactions: A customer purchased $43,820 worth of merchandise The Cost of Goods Sold was $28,745 The sale occurred

Prepare formal journal entries for the following transactions: A customer purchased $43,820 worth of merchandise The Cost of Goods Sold was $28,745 The sale occurred 9/10/20XX The terms of the sale were 2/10 n/30 On 9/22/20XX the customer paid in full with cash

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