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Sayers Co. sold merchandise on account to a customer for $80,000 terms 2/10, n/30. The cost of the goods sold was $58,000. Journalize Sayers entries
Sayers Co. sold merchandise on account to a customer for $80,000 terms 2/10, n/30. The cost of the goods sold was $58,000. Journalize Sayers entries to record (a) the sale, (B) the receipt of payment within the discount period, and (C) the receipt of payment beyond the discount period of ten days.
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