Business, 07.04.2020 15:58 Kathryn014

Oriole Co. uses the gross method to record sales made on credit. On July 1, 2020, it made sales of 56,000 with terms 2/10 n/30. On July 9, 2020, Oriole received full payment for the July 1 sale. Prepare the required journal entries for Oriole Co. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

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Oriole Co. uses the gross method to record sales made on credit. On July 1, 2020, it made sales of 5...

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