On January 8, merchandise costing $1,200 was sold for $1,800, and the customer agreed to pay $1,800
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On January 8, merchandise costing $1,200 was sold for $1,800, and the customer agreed to pay $1,800 within 30 days. Using the two journal entries for January 7 as a guide, record the two parts of this transaction in the journal. (If you are not sure about how to record this transaction, go to Frame 3-47.)
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