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Valey Hardware Supply, Inc., sells on account. When a customer account becomes four months old, Valley Hardware Supply converts the account to a note receivable.

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Valey Hardware Supply, Inc., sells on account. When a customer account becomes four months old, Valley Hardware Supply converts the account to a note receivable. During 2018, Valley Hardware Supply completed these transactions: (Click the icon to view the transactions) Requirement 1. Record the transactions in Valley Hardware Supply, Inc.'s journal (Record debits first, then credits. Exclude explanations from any journal entries.) Record the sales on account Journal Entry Accounts Debit Credit Jan Date 20 Choose from any list or enter any number in the input fields and then click Check Answer 2 parts 2 remaining Clear All Check Answer Lowder Subblica Soudure els seus B. LALU Guy Journa i More Info Jan Jun 29 Sold goods on account to Peter's Hardware, Inc., $6,200. Ignore cost of goods sold. 1 Received a $6,200, 60-day, 9% note from Peter's Hardware, Inc., in satisfaction of its past-due account receivable. 31 Collected the Peter's Hardware, Inc., note at maturity. Use 360-day year for interest computation and round to the nearest dollar. Jul Print Done

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