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Accounting

Item10 8.33 points eBook References Check my work Check My Work button is now disabledItem 10 Item 10 8.33 points QS 4-19C Recording estimated sales discounts LO P6 ProBuilder has the following June 30, 2016, fiscal-year-end unadjusted balances: Allowance for Sales Discounts, $0; and Accounts Receivable, $10,900. Of the $10,900 of receivables, $2,450 are within a 2% discount period, meaning that it expects buyers to take $49 in future discounts arising from this periods sales. a. Prepare the June 30, 2016, fiscal-year-end adjusting journal entry for future sales discounts.

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