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Inc. pays the amount due. Prepare the entries on Pina Colada's books to record the sale and related collection. (Omit cost of goods sold entries.)

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Inc. pays the amount due. Prepare the entries on Pina Colada's books to record the sale and related collection. (Omit cost of goods sold entries.) b) On January 10, Andrew Farley uses his Tamarisk Co. credit card to purchase merchandise from Tamarisk Co. for $9,400. On February 10, Farley is billed for the amount due of $9,400. On February 12, Farley pays $5,900 on the balance due. On March 10, Farley is billed for the amount due, including interest at 1% per month on the unpaid balance as of February 12. Prepare the entries on Tamarisk Co.'s books related to the transactions that occurred on January 10. February 12, and March 10. (Omit cost of goods sold entries.) (b)

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