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The following information has been extracted from the books of Gordon, a trader in furniture. 2015 June 1 Sold goods to Benitez, list price $300,
The following information has been extracted from the books of Gordon, a trader in furniture. 2015 June 1 Sold goods to Benitez, list price $300, less 20% trade discount. 8 Benitez paid a cheque of $235 in full settlement of his account. REQUIRED c) Amount of trade discount and amount to be to be recorded as sales. d) Amount of cash discount allowed
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