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On January 1, Rubino Art sells work to Apple Inc. on account for $350, and...

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Accounting

On January 1, Rubino Art sells work to Apple Inc. on account for $350, and offers a 2/14, net 30 discount. Apple paid for the work in full on January 7. Show the journal entries Rubino would make to: (a) record the sale, and (b) record the payment received.

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