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Vaughn Co. uses the net method to account for cash discounts, On June 1, 2025, it made sales of $63,100 with terms 3/15, n/45. On

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Vaughn Co. uses the net method to account for cash discounts, On June 1, 2025, it made sales of $63,100 with terms 3/15, n/45. On June 12, 2025, Vaughn received full payment for the June 1 sale Prepare the required joumal entries for Vaughn Co. (Of no entry is required, select "No Entry" for the occount titles and enter O for the amounts. Credit account titles are automoticolly indented when the amount is entered. Do not indent monuolly. List all debit entries before credit entries. Record journal entries in the order presented in the problem.)

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