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Homework answers / question archive / Record the following transactions in the general ledger that appears immediately after the transactions
Record the following transactions in the general ledger that appears immediately after the transactions.
a. Goods sold on credit (on account), for $100,500 with terms 3/15, n/30. Cost of goods sold was $45,000.
b. Record the payments made by the clients, assuming they paid the entire amount within the discount period.
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