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Jan 5, 2020 ABC Sold goods costing $200,000 for $550,000 to XYZ; term 2/10; n/30; FOB destination and ABC paid $3,500 shipping cost. Jan 10,

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Jan 5, 2020 ABC Sold goods costing $200,000 for $550,000 to XYZ; term 2/10; n/30; FOB destination and ABC paid $3,500 shipping cost. Jan 10, XYZ returned $50,000 goods that cost $30,000. Feb 4, Received 120-day 6% note from XYZ for the amount due on the transaction of Jan 5. Required: a) Make necessary entries for all the transactions above and assume that the note was honored on the maturity date. b) Make necessary entries for the note assuming that the note was not honored on the maturity date. c) Assuming the note was discounted at 8% by ABC on Feb. 24, (i.e., 20 days after the note was received by ABC.), make necessary entries for the discounting of the note and indicate the date of your entries. d) Assuming the discounted note was dishonored, make necessary entries for the previously discounted note that was dishonored and show the date associated to those entries. e) Assuming the discounted note was honored, make necessary entries, if any, for the previously discounted note that was honored

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