.You are given the following information: Receivables at 1 January 2020 $180,000 Cash received from...
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Accounting
.You are given the following information:
Receivables at 1 January 2020 $180,000
Cash received from customers during 2020 $228,000
Discount Allowed $4,200
Receivables at 31 December 2020 $137,800
. If a customer agrees to retain merchandise that is defective because the seller is willing to reduce the selling price, this transaction is known as a sales?
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