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Problem 1 0 - Seller Company Assume that Seller Company sells goods on account with a gross sales price of $ 1 , 0 0
Problem Seller Company
Assume that Seller Company sells goods on account with a gross sales price of $ to Buyer Company on Dec. terms n
a What is the journal entry in Seller's Company books on Dec
b Give the corresponding entry if Seller Company receives full payment on Dec.
c Assume Seller Company receives full payment on Jan what would be the entry?
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