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While preparing their year-end financial statements, Fromont Company discovered a transaction that is missing from their records: . On the last day of the year,

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While preparing their year-end financial statements, Fromont Company discovered a transaction that is missing from their records: . On the last day of the year, Fremont Company sold and delivered $40,000 worth of goods to Hayward Inc. The sale was made on account and the goods sold had a cost of $20,000 REQUIRED: Prepare the journat entries needed to record the missing transaction. Plonso order the journal entries so that the dobit/credit amounts are increasing (se example below) Journal.Entry #1 (Debit) Credit Joumal Entry #2 (Deb) Credit) Example: Assuming the journal entries have the values below, you should input (B) for Journal Entry #1 and (A) for Journal Entry #2 (A) ACCT XX 200 ACCT XX 200 (B) ACCT XX 100 ACCT XX 100

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