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Sales Discounts Taken Gordon Grocers purchase read from Buday's Bad Company at $1.45 per al Gordon's recently engaged in a customer service contract with Buddy's

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Sales Discounts Taken Gordon Grocers purchase read from Buday's Bad Company at $1.45 per al Gordon's recently engaged in a customer service contract with Buddy's to purchase 114.000 loaves of Buddy's bread, Buddy offered credit to Gordon's at terms of 9/15, 145. Buddy expects Gordon to pay within the discount period Required: an amount hox does not require an entry, volan Prepare the ouma entry to record the sale using the net method Hint: In calculating your answer use on minus the discount rate (eg. 1-0.02.98) Record sale Then, prepare the journal entry assuming the payment is made within to days (within the discount period) Record collection within discount period

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