On January 6, Aaron Co. sells merchandise on account to Foley Inc. for $9,200, terms 1/10, n/30.
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On January 6, Aaron Co. sells merchandise on account to Foley Inc. for $9,200, terms 1/10, n/30. On January 16, Foley pays the amount due.
Instructions Prepare the entries on Aaron Co.’s books to record the sale and related collection. (Omit cost of goods sold entries.)
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Related Book For 
Accounting Tools For Business Decision Making
ISBN: 9781118771112
5th Edition
Authors: Kimmel, Wetlands, Kieso
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