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Sunland Company sold toys listed at $359 per unit to Blossom Company for $305, a trade discount of 15 percent. Blossom Company in turn sells
Sunland Company sold toys listed at $359 per unit to Blossom Company for $305, a trade discount of 15 percent. Blossom Company in turn sells the toys in the market at $338. Sunland should record the receivable and related sales revenue (per unit) at:
$305.
$359.
$338.
$284.
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