On July 1 Pam s Pizza Supply sold 100 pounds of
On July 1, Pam's Pizza Supply sold 100 pounds of pepperoni for $800 on account to a local pizza parlor. The terms of the sale were 2/10, n/30. The pizza parlor pays Pam's Pizza Supply in full on July 7.
Required
Prepare the entries that Pam would make to record the sale and the receipt of the payment.
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