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Sell three paintings that cost $500 each. Customer will pay $2,700 for the paintings next month. (Hint: This is actually 2 transactions. Record just the
Sell three paintings that cost $500 each. Customer will pay $2,700 for the paintings next month. (Hint: This is actually 2 transactions. Record just the $2,700 sales proceeds in this part. The next question will ask you to record the $1,500 drop in inventory.)
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