Restin plc uses the gross method to record sales made on credit. On June 1, 2019, it

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Restin plc uses the gross method to record sales made on credit. On June 1, 2019, it made sales of ¥50,000 with terms 3/15, n/45. On June 12, 2019, Restin received full payment for the June 1 sale. Prepare the required journal entries for Restin plc.
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Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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