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Record the sale of the one pair of glasses

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Question - Tom's Eye Associates purchases 100 pairs of eye glasses for sale for $2,000 ($20 each) on credit. They sell one pair to a customer for $100 the next days.

Required -

Record the purchase of the glasses.

Record the sale of the one pair of glasses.

Is there net income from the sale of the glasses and if so what is it?

Reference no: EM133123086

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