Business, 25.11.2020 14:20 winterblackburn78

On June 13 of the current year, Kensington Factory sold merchandise to a customer for $8,000 with credit terms 2/10, n/30. The customer paid the full amount due on June 20. Kensington uses the gross method of accounting for cash discounts. Required:
Prepare the appropriate journal entry dated June 20.

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