=+Feb. 1. Sold merchandise on account to Ames Co., $8,000. The cost of the merchandise sold was
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=+Feb. 1. Sold merchandise on account to Ames Co., $8,000. The cost of the merchandise sold was $4,500.
Mar. 15. Accepted a 60-day, 12% note for $8,000 from Ames Co. on account.
Apr. 9. Wrote off a $2,500 account from Dorset Co. as uncollectible.
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