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Business, 15.04.2021 20:30 munozjosue258
On November 2, Lancer sold $40,000 of inventory items on credit with the terms 2/10, net 45. Payment on $24,000 of sales was received on November 8 and the remaining payment on $16,000 of sales was received on November 27. Assuming Lancer uses the gross method of accounting for sales discounts, what entries will Lancer make to the Sales Discounts account on November 8 and November 27
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On November 2, Lancer sold $40,000 of inventory items on credit with the terms 2/10, net 45. Payment...
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