Journal entries for the collection of accounts receivable

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Reference no: EM13864815

Inventory that cost $550 is sold for $950, with terms of 2/10, n/30.

Prepare the journal entries for the collection of the accounts receivable assuming that it occurs during the discount period. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Reference no: EM13864815

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