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Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $55,500, terms n/30. The cost of the merchandise sold is $33,300. Showcase Co.

Showcase Co., a furniture wholesaler, sells merchandise to Balboa Co. on account, $55,500, terms n/30. The cost of the merchandise sold is $33,300. Showcase Co. issues a credit memo for $11,100 as a p...

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