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Business, 23.10.2019 01:00 kittybatch345

On july 22, peter sold $23,500 of inventory items on credit with the terms 2/15, net 30. payment on $15,000 sales was received on august 1 and the remaining payment was received on august 12. assuming peter uses the gross method of accounting for sales discounts, which one of the following entries was made on august 1 to record the cash received?

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On july 22, peter sold $23,500 of inventory items on credit with the terms 2/15, net 30. payment on...
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