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20) On November 1, 2018, A & C Janitorial Supply sold merchandise on account with...

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Accounting

20) On November 1, 2018, A & C Janitorial Supply sold merchandise on account with a cost of $4,200 for $6,000 and payment terms of 3/10, n/30. The company uses the gross method and a perpetual inventory system. Prepare the journal entries for this transaction. Omit explanations.

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