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Business, 25.06.2021 03:30 graciebrene1590

Juice Drinks sold merchandise on December 1 at a $500 invoice price, net $495, with terms of 1/10, n/30 and received cash payment on December 4, within the discount period. Determine its entry to record this sale and the subsequent receipt of cash under both the gross method and the net methods by matching the action on the left with the method on the right. (Assume a perpetual inventory system.)

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Juice Drinks sold merchandise on December 1 at a $500 invoice price, net $495, with terms of 1/10, n...

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