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Provide me an explanation as well. 1. On May 1, 2016, Kelly Company sold to Bryer Company merchandise having a list price of 12,000,000 on

Provide me an explanation as well. 1. On May 1, 2016, Kelly Company sold to Bryer Company merchandise having a list price of 12,000,000 on account. Kelly Company allowed trade discounts of 20%; 10% an...

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