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Business, 18.03.2020 21:20 jakhunter354

Able sells and delivers a piece of equipment to Smythe for $2,000 on August 1 and the equipment cost $1,300. The sale is a credit sale. How is this transaction accounted for under a periodic system of inventory?

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Able sells and delivers a piece of equipment to Smythe for $2,000 on August 1 and the equipment cost...
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