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On January 6, Stegner Co. sells merchandise on account to Molina Inc. for 8,000, terms 2/10,n/30. On January 16, Molina Inc. pays the amount due.
On January 6, Stegner Co. sells merchandise on account to Molina Inc. for 8,000, terms 2/10,n/30. On January 16, Molina Inc. pays the amount due. Prepare the entries on Stegner's books torecord the sale and related collection.
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