Use the information from BE7 8 assuming Yoshi Corp uses the
Use the information from BE7-8, assuming Yoshi Corp. uses the net method to account for cash discounts.
Prepare the required journal entries for Yoshi Corp.
In BE7-8
Yoshi Corp. uses the gross method to record sales made on credit. On June 1, the company made sales of $45,000 with terms 1/15, n/45. On June 12, Yoshi received full payment for the June I sale. Prepare the required journal entries for Yoshi Corp.
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