Metlock Co. uses the gross method to record sales made on credit. On June 1,2025...
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Accounting
Metlock Co. uses the gross method to record sales made on credit. On June 1,2025 , it made sales of $49,000 with terms 2/15,n/45. On June 12, 2025, Metlock received full payment for the June 1 sale. Prepare the required journal entries for Metlock Co. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem.)
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