Bridgeport Co. uses the net method to account for cash discounts. On June 1, 2020,...
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Accounting
Bridgeport Co. uses the net method to account for cash discounts. On June 1, 2020, it made sales of $54,300 with terms 3/15, n/45. On June 12, 2020, Bridgeport received full payment for the June 1 sale. Prepare the required journal entries for Bridgeport Co
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