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2. record the cost of sales 3. record the write-off of uncollectible accounts. 4. record the collection of credit sale within the discount period. 5.
2. record the cost of sales
3. record the write-off of uncollectible accounts.
4. record the collection of credit sale within the discount period.
5. record acceptance of 60-day, 7% note
6. record the credit card sale
7. record the cost of sales.
8. record the collection of note and interest.
9.record acceptance of three-month 6% note
10. record the accrued interest.
11. record the estimated uncollectible accounts.
12. record the dishonour of note.
13. record the reverse write-off.
14. record the collection of account previously written off.
15. record the write-off
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