Problemon may 15 brandle sold dollar 52000 of inventory, Ask an Expert

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On May 15, Brandle sold dollar 52,000 of inventory items on credit with the terms 2/15, net 30. Payment on dollar 30,000 of the sales was received on May 28 and the remaining payment was received on June 12. Assuming Brandle uses the gross method of accounting for sales discounts, what is the journal entry made on May 28?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92751746

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