rief Exercise 7-2 Restin Co. uses the gross method to record sales made on credit. On June 1, 2014, it made sales of $54,100 with terms 2/15, n/45. On June 12, 2014, Restin received full payment for the June 1 sale. Prepare the required journal entries for Restin Co. (If no entry is required, select “No Entry” for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit June 1 June 12
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rief Exercise 7-2 Restin Co. uses the gross method to record sales made on credit. On June 1, 2014, it made sales of $54,100 with terms 2/15, n/45.
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