Boyko Company received an order from Lister Inc on May
Boyko Company received an order from Lister Inc. on May 15, 2014, valued at 52,200. Boyko shipped the goods to Lister on May 31, 2014, with terms f.o.b. shipping point, and credit terms 2/10, n/30. Assuming Boyko uses the gross method of recording sales; prepare the required journal entries for Boyko on May 15, 2014, and May 31, 2014 (if any).
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