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  3. grouper co.uses the net method to account for cash

Grouper Co.uses the net method to account for cash discounts. On June 1, 2020, it...

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Accounting

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Grouper Co.uses the net method to account for cash discounts. On June 1, 2020, it made sales of $66,600 with terms 4/15,5/45. On June 12, 2020, Grouper received full payment for the June 1 sale Prepare the required journal entries for Grouper Co. (if no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically Indented when the amount is entered. Do not indent manually. Record foumal entries in the order presented in the problem.) Debit Credit Date Account Titles and Explanation

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