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Record the following transactions in the general ledger that appears immediately after the transactions

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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.

 

General Journal
 
 

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