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Prepare the journal entries to record the following

Question - Prepare the journal entries to record the following transactions on Kwang Company's books using a perpetual inventory system. On March 2, Kwang Company sold $839,000 of merchandise to Sensat Company, terms 2/10, n/30. The cost of the merchandise sold was $588,000.

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Accounting Basics: Prepare the journal entries to record the following

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