On June 1,2010,Concorde Company Sold Merchandise on Credit at an Invoice

question 37

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On June 1,2010,Concorde Company sold merchandise on credit at an invoice price of $1,000; terms 2/10,n/30.Give the journal entries to record the following:
A.To record the sale.
B.Assumption A: To record collection on June 28, 2010.
C.Assumption B: To record collection on June 9, 2010.

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Financial arrangements or programs designed to help individuals save for or pay the costs of college education.

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Mandatory financial charges or levies imposed on individuals, businesses, or transactions by a government, used to fund public expenditures.

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Company-provided time off work for new parents, with compensation, to care for and bond with their newborn or newly adopted child.

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U.S. federal law that provides employees with unpaid, job-protected leave for specified family and medical reasons.