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Provide the journal entries using the gross method

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Question - The Hawthorne Manufacturing Company offers credit customers 4/15, n/30. On October 5, 2019, Hawthorne sold merchandise at a price of $20,000 and sent the customer the invoice dated October 5th, 2019. The customer paid off their entire invoice on Oct 17th, 2019.

Required -

(1) Provide the journal entries using the gross method.

(2) Provide the journal entries using the net method.

Reference no: EM132527474

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