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Prepare the required journal entries for montoya co.

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Montoya Co. uses the gross method to record sales made on credit. On June 1, 2008, it made sales of $40,000 with terms 3/15, n/45. On June 12, 2008, Montoya received full payment for the June 1 sale. Prepare the required journal entries for Montoya Co.

Reference no: EM13511547

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Prepare the required journal entries for montoya co. : On June 1, 2008, it made sales of $40,000 with terms 3/15, n/45. On June 12, 2008, Montoya received full payment for the June 1 sale. Prepare the required journal entries for Montoya Co.
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