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QUESTIONS On February 1, 2008, Cogwell Company sells merchandise on account to Livingston Company for $5,000. The entry to record this transaction by Cogwell Company

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QUESTIONS On February 1, 2008, Cogwell Company sells merchandise on account to Livingston Company for $5,000. The entry to record this transaction by Cogwell Company is Sales 5,000 A. Accounts Payable 5,000 I Cash B. 5,000 Sales 5,000 Accounts Receivable.. Sales..... 5,000 5,000 C. 5,000 D. Notes Receivable. Accounts Receivable 5,000 QUESTION 9

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