Question: Describe how the transactions listed would be handled applying the gross method and the net method. For example: A $750 invoice with 3/10 net 30

Describe how the transactions listed would be handled applying the gross method and the net method. For example: A $750 invoice with 3/10 net 30 terms.

Describe how the transactions listed would be handled applying the gross method

Transaction Gross Method Net Method (a) Record original transaction (b) Returned purchases (c) Discounts taken (d) Discounts not taken

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