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Prepare the journal entry required to record the sale. (Record debits first, then credits. Exclude explanations from any journal entries.) Vince Associates sold a

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Prepare the journal entry required to record the sale. (Record debits first, then credits. Exclude explanations from any journal entries.) Vince Associates sold a piece of equipment to Foster Company on June 1, 2020. Account June 1, 2020 Prepare the journal entry required to record the full collection at maturity. (Record debits first, then credits. Exclude explanations from any joum to the nearest dollar. Use "months" for any necessary calculations.) Vince agreed to accept a 7-month, 12% note with interest due on its maturity date, December 31, 2020. Account December 31, 2020

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