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Exercise 8-1 On January 6, Novak Corp. sells merchandise on account to Harley Inc. for $7,200, terms 2/10, n/30. On January 16, Harley pays the

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Exercise 8-1 On January 6, Novak Corp. sells merchandise on account to Harley Inc. for $7,200, terms 2/10, n/30. On January 16, Harley pays the amount due. Prepare the entries on Novak Corp.'s books to record the sale and related collection. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 16 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Question Attempts: o of 3 used SAVE FOR LATER SUBMIT ANSWER SUBMIT

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