Business, 10.03.2020 20:27 Kurlyash

Restin Co. uses the net method to account for cash discounts. On June 1, 2017, it made sales of $50,000 with terms 3/15, n/45. On June 12, 2017, Restin received full payment for the June 1 sale. Prepare the required journal entries for Restin Co.

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Restin Co. uses the net method to account for cash discounts. On June 1, 2017, it made sales of $50,...

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