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(Solved): On March 22, Line Drive Apparel sold $15,500 of inventory items on credit with the terms 2/15, net 3 ...



On March 22, Line Drive Apparel sold $15,500 of inventory items on credit with the terms 2/15, net 30. Payment on $9,500 sales was received on April 1 and the remaining payment was received on April 21. How would Line Drive record the cash received on April 1 under the gross method? Select answer from the options below



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