What is the entry for flores on december 5


On November 10 of the current year, Flores Mills sold carpet to a customer for $8,000 with credit terms 2/10, n/30. Flores uses the gross method of accounting for cash discounts.What is the entry for Flores on December 5, assuming the correct payment was received on that date?

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Accounting Basics: What is the entry for flores on december 5
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