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Long corporation is a fabric manufacturing

Long Corporation is a fabric manufacturing company. On January 20, Long Corporation made sales to Lyndsay's Lace in the amount of $15,000 with terms of 2/10, n/30. Lyndsay's Lace paid Long Corporation on January 28. Long Corporation records accounts receivable and sales at the gross price.

Prepare the related journal entries for Long Corporation.

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Accounting Basics: Long corporation is a fabric manufacturing

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Accounting Basics: Long corporation is a fabric manufacturing

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