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Q #2 On March 3, Gooddeal.com sold merchandise for $2,500, terms 2/10 n/30. Prepare the journal entry. Debit and credit the accounts affected Mar 31

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Q #2 On March 3, Gooddeal.com sold merchandise for $2,500, terms 2/10 n/30. Prepare the journal entry. Debit and credit the accounts affected Mar 31 Ensure the equation still balances and debits credits Assets - Liabilities Stockholders' Equity The customer paid for the merchandise on March 6, taking advantage of the permitted discount. Prepare the journal entry. Debit and credit the accounts affected Mar. 6 Ensure the equation still balances and debits credits Assets - Liabilities + Stockholders' Equity On March 8, the customer returned $1,250 (or one-half) of the merchandise that was purchased back on March 3. Prepare the journal entry. Debit and credit the accounts affected Mar. Ensure the equation still balances and debits credits Assets Liabilities + Stockholders' Equity

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