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Prepare the journal entry assuming the payment is made

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Question: Prepare the journal entry

1) Bolton sold merchandise with a price of $35,000 to Sammy's Wholesale Company. Bolton offered terms of 1/10, n/30 and expects Sammy to pay within the discount period.

2) Prepare the journal entry assuming the payment is made within 10 days (within the discount period).

Reference no: EM131932568

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