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On December 12, 2024, Park Electronics received $29,800 from a customer toward a cash sale of $298,000 of diodes to be completed on January

On December 12, 2024, Park Electronics received $29,800 from a customer toward a cash sale of $298,000 of diodes to be completed on January 16, 2025. What journal entries should Park record on December 12 and January 16? Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.

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