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Restin Co. uses the gross method to record sales made on credit. On June 1,...

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Accounting

Restin Co. uses the gross method to record sales made on credit. On June 1, 2014, it made sales of $50,000 with terms 3/5, n/45. On June 12, 2014, Restin received full payment for the June 1 sale. Prepare the journal entries for Restin Co.

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