On January 10, 1998, Raja Co. sold merchandise on account to R. Opal for ($ 12,000), terms

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On January 10, 1998, Raja Co. sold merchandise on account to R. Opal for \(\$ 12,000\), terms n/30. On February 9 R. Opal gave Raja Co. a \(10 \%\) promissory note in settlement of this account. Prepare the journal entry to record the sale and the settlement of the accounts receivable.

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Financial Accounting Tools For Business Decision Making

ISBN: 9780471169192

1st Edition

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

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