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(Solution) - On January 10 2010 Edmunds Co sold merchandise on account

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On January 10, 2010, Edmunds Co. sold merchandise on account to Jeff Gallup for $13,600, n/30. On February 9, Jeff Gallup gave Edmunds Co. a 10% promissory note in settlement of this account. Prepare the journal entry to record the sale and the settlement of the account receivable.


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This question was answered on: Jul 11, 2017

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