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Prepare journal entry for customer paid for the merchandise

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On March 3, 2019, Gooddeal.com sold merchandise for $2,500, terms 2/10 n/30. Prepare the journal entry. This merchandise originally cost $2,000

Question 1: On March 6, 2019, the customer returned $1,250 (or one-half) of the merchandise that was purchased back on March 3. Prepare the journal entry

Question 2: The customer paid for the merchandise on March 8, 2019, taking advantage of the permitted discount. Prepare the journal entry

Reference no: EM132490278

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