Business, 24.03.2020 17:38 dbzrules02

Concord Co. uses the gross method to record sales made on credit. On June 1, 2017, it made sales of $64,700 with terms 3/15, n/45. On June 12, 2017, Concord received full payment for the June 1 sale. Prepare the required journal entries for Concord Co. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

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Concord Co. uses the gross method to record sales made on credit. On June 1, 2017, it made sales of...

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