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Restin Co. uses the gross method to record sales made on credit. On June 1, 2014, it made sales of $58,400with terms2/15, n/45. On June

Restin Co. uses the gross method to record sales made on credit. On June 1, 2014, it made sales of $58,400with terms2/15, n/45. On June 12, 2014, Restin received full payment for the June 1 sale.

Prepare the required journal entries for Restin Co.

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