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Business, 10.03.2020 05:58 breannaking9734

Master Grill sells its specialty combination gas/wood-fired grills to local restaurants. Each grill is sold for $1,200 (cost $670) on credit with terms 2/20, net/60. Prepare the journal entries for the sale of 20 grills on August 1, 2018, and upon payment, assuming the customer paid on (1) August 20, 2018, and (2) September 29, 2018. Assume the company records sales net.

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Master Grill sells its specialty combination gas/wood-fired grills to local restaurants. Each grill...
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