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Coronado Company sells goods to Danone Inc. by accepting a note receivable on January 2, 2020. The goods have a sales price of $589,100 (cost

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Coronado Company sells goods to Danone Inc. by accepting a note receivable on January 2, 2020. The goods have a sales price of $589,100 (cost of $470,000 ). The terms are net 30 . If 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 , 2020 , Danone makes payment to Coronado for the full sales price. Prepare the journal entry(ies) to record the sale and related cost of goods sold for Coronado Company on January 2, 2020, and the payment on January 28, 2020. Assume that Coronado Company records the January 2, 2020, transaction using the net method. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.) Prepare the journal entry(ies) to record the sale and related cost of goods sold for Coronado Company on Januarv 2. 2020. and the bavment on Januarv 28. 2020. Assume that Coronado Comnanv records the

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