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A
B
cash receipts
to record cash debits
cash payments
to record cash credits
sales
sales on account
purchases
record buying merch. on account
cash receipts
record cash sales
cash payments
record cash purchases
sales returns and allowances
contra revenue account
purchases returns and allowances
keep track of how much merchandise we've returned
vendor
we buy merchandise from
customer
we sell merchandise to
terms of sale
2/10, n/30
Lindsey Kinkelaar
IL
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