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Problem 3-6A On January 1, 2012, w horse Co had Accounts Receivable of $56,700 and Allowance for Doubtful Accounts of $3,800 Wiadhorse co prepares financial
Problem 3-6A On January 1, 2012, w horse Co had Accounts Receivable of $56,700 and Allowance for Doubtful Accounts of $3,800 Wiadhorse co prepares financial statements annually. During the year, the following selected transactions occurred: Jan 5 Sold $3,200 of merchandise to Rian Company, terms 30. Feb. 2 Accepted a $3,200, 4-month, 9 promissory note from Rian Company for balance due. Sold $13,200 of merchandise to Cato Company and accepted Cato's $13,200, 2-month, 11% note for 12 the balance due 26 Sold $12,100 of merchandise to Malcolm Co., terms 10. Apr 5 Accepted a $12, 100, 3-month, 8% note from Malcolm Co. for balance due. 12 Collected Cato Company note in full. June 2 Collected Rian Company note in full. Sold 2.100 of merchandise to GerriInc. and accepted a $2,100, 6-month, 12% note for the amount 15 due. Journalize the transactions. (Omit cost of goods sold entries.) (Credit account titles are automatically Indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Account Tities and Explanation Date Credit Debit
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