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Lindley Enterprises sells hand-woven rugs. Paige Corporation is a regular customer if Lindley. On June 30, Paige purchased 500 rugs from Lindley for $400,000 on credit. On August 15, Paige paid Lindley in full in its $400,000 balance.
Prepare the related journal entries for Lindley.

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Lindley Enterprises sells hand-woven rugs. Paige Corporation is a regular customer if Lindley. On June 30, Paige purchased 500 rugs from Lindley for $400,000 on credit. On August 15, Paige paid Lindley in full in its $400,000 balance. Prepare the related journal entries for Lindley.

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Lindley Enterprises sells hand-woven rugs. Paige Corporation is a regular customer if Lindley. On June 30, Paige purchased 500 rugs from Lindley for $400,000 on credit. On August 15, Paige paid Lindley in full in its $400,000 balance.
Prepare the related journal entries for Lindley.