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Provide journal entries under gross method and net method

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Reference no: EM132789394

Aye-Ahr sold gods with a list price of P50,000 under credit terms 10% 2/10, n/45.

Required:

Problem 1: Provide journal entries under Gross Method and Net Method using the following assumptions:

1. The customers pay within the discount period.

2. The customers pay beyond the discount period.

Reference no: EM132789394

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