Business, 14.05.2021 17:50 rbrummitt1522

On July 22, George sold $24100 of inventory items on credit with the terms 2/15, net 30. Payment on $15500 sales was received on August 1 and the remaining payment was received on August 12. Assuming George uses the gross method of accounting for sales discounts, what entries was made on August 1 to record the cash received?

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On July 22, George sold $24100 of inventory items on credit with the terms 2/15, net 30. Payment on...

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