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18-4 Tamarisk Company sells goods to Danone Inc. by accepting a note receivable on January 2, 2017. The goods have a sales price of $669,100

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18-4 Tamarisk Company sells goods to Danone Inc. by accepting a note receivable on January 2, 2017. The goods have a sales price of $669,100 (cost of $540,000) The terms are net 30. 1f Danone pays within 5 days, however, it receives a cash discount of $9.100. Past history indicates that the cash discount will be taken. On January 28, 2017, Danone makes payment to Tamarisk for the full sales price. Prepare the journal entry es) to record the sale and related cost of goods sold for Tamarisk Company on January 2, 2017, and the payment on January 28, Assume that Tamarisk Company records the January 2, 2017, transaction using the net method. (Credit account titles are auto tically indented when the amount is entered. Do not indent manu If no entry is required, select "No entry" for the account titles and enter o for the announts.) Account Titles and Explanation To record sales) CTo record cost of goods sold To record payment received

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