ABC Inc. makes a sale to a customer for $10,000 with terms 3/15, n45. ABC Inc. uses the gross method. The customer pays ABC 12 days after the date of the invoice. What journal entry would ABC make upon receiving the payment?

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The Answer of ABC Inc. makes a sale to a customer for $10,000 with terms 3/15, n45. ABC Inc. uses the gross method. The customer pays ABC 12 days after the date of the invoice. What journal entry would ABC make upon receiving the payment?

ABC Inc Makes a Sale to a Customer for $10,000 with with Terms