On July 1, 2012, Company A sold products to company B for $10,000. The terms of the

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On July 1, 2012, Company A sold products to company B for $10,000. The terms of the sale were 3/10, n/30. Company B paid on July 15, 2012?

• Record the journal entries, assuming that company A used the net method.

• Record the journal entries, assuming that company A used the gross method.

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Financial Accounting

ISBN: 978-1259103285

5th Canadian edition

Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, M

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Question Posted: Sep 11, 2016 11:51 AM

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On July 1, 2012, Company A sold products to company B for $10,000. The terms of the

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The term of sales were 310 n30 It means company A is offering a cash ...View the full answer

Financial Accounting

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