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Business, 18.03.2021 01:30 reterrickeyfox205

Central Company sold goods for $5,000 to Western Company on March 12 on credit. The terms of the sale were 2/10, n/30. At the time of the sale, Central recorded the transaction by debiting accounts receivable for $5,000 and crediting sales revenue for $5,000. Western paid the balance due, less the discount, on March 21. To record the March 21 transaction, Central would debit:

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Central Company sold goods for $5,000 to Western Company on March 12 on credit. The terms of the sal...
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