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Prepare the required journal entries for sandhill company

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Reference no: EM131804440

Problem

Sandhill co. uses the net method to account for cash discounts. On june 1, 2017, it made sales of 66,600 with terms 4/15, n/45. On June 12, 2017, Sandhill received full payment for the June 1 sale.

Prepare the required journal entries for Sandhill co.

Reference no: EM131804440

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