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How would report in that financial statement

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Reference no: EM132930103

Problem 1: The company sells $50,000 of its inventory to Ihenacho Inc. The sales price is $125,000 and the entire sales amount was paid in cash. Additionally, the company pays a 10% commission to its sales personnel for the sale. All commissions are paid at the end of the month. How would report this in that financial statement?

Reference no: EM132930103

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