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Business, 24.08.2021 01:10 KP1998

Sticky Co. sold merchandise on August 5 at a $1,000 invoice price, net $980, with terms of 2/10,n/30 and received cash payment on August 14, 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 method by matching the action on the left with the method on the right. (Assume a perpetual inventory system.)

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Sticky Co. sold merchandise on August 5 at a $1,000 invoice price, net $980, with terms of 2/10,n/30...

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