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Davis sells Weber equipment under an arrangement whereby Davis delivers the equipment on January 1, 2021 and receives payment on June 30, 2022. When subsequent

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Davis sells Weber equipment under an arrangement whereby Davis delivers the equipment on January 1, 2021 and receives payment on June 30, 2022. When subsequent payment occurs, Davis will record a journal entry that includes: Multiple Choice Credit to discount on notes receivable. Credit to sales revenue Credit to cash. Credit to interest revenue

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