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What is the journal entry or entries that vander will make

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Problem

On September 12, Vander Company sold merchandise in the amount of $6,400 to Jepson Company, with credit terms of 5/10, n/30. The cost of the items sold is $4,600. Vander uses the periodic inventory system. What is the journal entry or entries that Vander will make on September 12.

Reference no: EM131793727

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