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On January 6, Aaron Co. sells merchandise on account to Foley Inc. for $9,200, terms1/10, n/30. On January 16, Foley pays the amount due. Prepare

On January 6, Aaron Co. sells merchandise on account to Foley Inc. for $9,200, terms1/10, n/30. On January 16, Foley pays the amount due.

Prepare the entries on Aaron Co.s books to record the sale and related collection.

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