On April 8 of the current year, Patle, Zhou & Sons sold a sofa to...
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Accounting
On April 8 of the current year, Patle, Zhou & Sons sold a sofa to a customer for $7,600 with credit terms 2/10, n/30. Patle, Zhou & Sons uses the gross method of accounting for sales discounts. What is the correct entry on April 15, assuming the correct payment was received on that date?
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