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Titles Debit Credit

Cost of Good Sold 85,000


Inventory 85,000
Inventory (15.000-14.400) 600
Cash 600
Operating Expenses 39,000
Account Payable 39,000
Sales Revenue 144,000
Cash 144,000
Sales Discount 1,600
Sales Discount 1,600
Sales Returns and Allowances 2,300
Account Receiveable 2,300
Total 272,500 272,500

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