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Company A sold units to Company B on November The units have a list price of $ each, but Company B was given a trade discount. The terms of the sale were
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a Prepare the journal entries to record the sale on November ignore cost of goods and collection a few days later on November assuming that the net method of accounting for cash discounts is used.
b Prepare the journal entries to record the sale on November ignore cost of goods and collection the next month on December assuming that the net method of accounting for cash discounts is used.
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