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Provide the accounts and debit credit amounts used to record an on account sale and receipt of payment of merchandise for $10,000 with a cost
Provide the accounts and debit credit amounts used to record an on account sale and receipt of payment of merchandise for $10,000 with a cost of goods sold of $6,500, assuming credit terms of 2/10 and also assuming the customer paid for the goods within the discount period. No explanations required. List accounts and debit/credit amounts as they would appear in a journal entry. Leave a line between each entry
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