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On August 9, Gunner Co. sells $9,060 of merchandise to Taylor Co. on account. Taylor Co. pays for this merchandise on September 1. a. Prepare

On August 9, Gunner Co. sells $9,060 of merchandise to Taylor Co. on account. Taylor Co. pays for this merchandise on September 1.

a. Prepare the entry on Gunner's books to record the sale.

b.Prepare the entry on Gunner's books to record the receipt of payment.

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