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On April 1, Moloney Meat Distributors sold merchandise on account to Fronkes Franks for $3,500...

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Accounting

On April 1, Moloney Meat Distributors sold merchandise on account to Fronkes Franks for $3,500 on Invoice 1001, terms 2/10, n/30. Payment was received in full from Fronkes Franks, less discount, on April 10. Required: Record the transactions on April 1 and April 10.

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