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Business, 04.04.2020 03:00 610055470

On April 25, Foreman Electric installs wiring in a new home for $3,000 on account. However, on April 27, Foreman’s electrical work does not pass inspection, and Foreman grants the customer an allowance of $550 because of the problem. The customer makes full payment of the balance owed, excluding the allowance, on April 30.Required:1. Record the credit sale on April 25.2. Record the sales allowance on April 27.3. Record the cash collection on April 30.4. Calculate net sales associated with these transactions.

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On April 25, Foreman Electric installs wiring in a new home for $3,000 on account. However, on April...

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