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Problem 18: Salem sold $62,000 of goods on account, credit terms are 3/10, n/30. COGS is $31,000. Salem received payment from the customer within

Problem 18: Salem sold $62,000 of goods on account, credit terms are 3/10, n/30. COGS is $31,000. Salem received payment from the customer within 10 days. Record the sale and the receipt of payment.

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