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Lindley Enterprises sells hand-woven rugs. Paige Corporation is a regular customer of Lindley. On June 30, Paige purchased 500 rugs from Lindley for $450,000 on credit. On August 15, Paige paid Lindley in full on its $450,000 balance.

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Intermediate Accounting: Reporting And Analysis
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ISBN: 9781337788281
Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher: Cengage Learning
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