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Suppose that jerry and co. grants terms of 2/10, n/30 related to a sale on june 5 and on june 12 the customer pays the remaining $250 bill. jerry and co. would record the receipt of the payment as

Respuesta :

If jerry and co. grants terms of 2/10, n/30 related to a sale
the customer pays the remaining $250 bill
Jerry and co. would record the receipt of the payment as;
Cash                                        240
Sales Discounts                       10
Accounts Receivable               250

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