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E8-3A. Recognizing Accounts Receivable On June 7, Bixby Co. sells $1,000 of merchandise to Jasmine Co. On account. Jasmine Co. pays for this merchandise on

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E8-3A. Recognizing Accounts Receivable On June 7, Bixby Co. sells $1,000 of merchandise to Jasmine Co. On account. Jasmine Co. pays for this merchandise on June 21. a. Prepare the entry on Bixby's books to record the sale. b. Prepare the entry on Bixby's books to record the receipt of payment

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