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Some of the sales transactions of Leonila Generales Company whose credit terms are 2/10, n/30 follow: June 1 Cash Sales, P180,000. 4 Sales on account,
Some of the sales transactions of Leonila Generales Company whose credit terms are 2/10, n/30 follow:
June 1 Cash Sales, P180,000.
4 Sales on account, P650,000.
7 Received returned merchandise sold on account, P90,000.
10 Collected the amount due from credit sales.
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