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4. Sold merchandize to a client for $10,000. The client paid $3,000 cash and signed a 3-month promissory note for the balance. The cost of

4. Sold merchandize to a client for $10,000. The client paid $3,000 cash and signed a 3-month promissory note for the balance. The cost of the merchandize sold was $6,000.

Accounting Equation

Statement of Cash Flow

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