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Sold on account $10,00 worth of stuff. Stuff costs us 7,500 Write the JE. What is the GP? Why isn't the JE just A/R 10,000

Sold on account $10,00 worth of stuff. Stuff costs us 7,500 Write the JE. What is the GP? Why isn't the JE just A/R 10,000 Inventory 7,500?

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