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What the journal entry that Smart makes on February

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Question - On February 3, Smart Company sold merchandise in the amount of $4,300 to Truman Company, with credit terms of 3/10, n/30. The cost of the items sold is $2,970. Smart uses the perpetual inventory system and the gross method. Truman pays the invoice on February 8, and takes the appropriate discount. What the journal entry that Smart makes on February 8?

Reference no: EM133056889

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