On January 10, 2008, Edmunds Co. sold merchandise on account to Jeff Gallup for ($13,600,) n/30. On

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On January 10, 2008, 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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Accounting Principles

ISBN: 9780471980193

8th Edition

Authors: Jerry J Weygandt, Donald E Kieso, Paul D Kimmel

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