Question: Create a General Journal entry in accordance with GAPP and using the periodic inventory system and the net method; Sold inventory with a gross sales

Create a General Journal entry in accordance with GAPP and using the periodic inventory system and the net method; Sold inventory with a gross sales price of $13,000 to a new customer on account. The customer is Jennings (Customer # 110-48) (Invoice # 981). Terms 2/15, n/30

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