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Brief Exercise 13-6 Advance collection [LO13-3] On December 12, 2016, Pace Electronics received $43,200 from a customer toward a cash sale of $432,000 of diodes
Brief Exercise 13-6 Advance collection [LO13-3]
On December 12, 2016, Pace Electronics received $43,200 from a customer toward a cash sale of $432,000 of diodes to be completed on January 16, 2017.
What journal entries should Pace record on December 12 and January 16?
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