On January 10, 1995, Raja Co. sold merchandise on account to R. Opal for ($ 12,000), n/30.
Question:
On January 10, 1995, Raja Co. sold merchandise on account to R. Opal for \(\$ 12,000\), n/30. On February 9, R. Opal gave Raja Co. a \(10 \%\) promissory note in settlement of this account. Prepare the journal entry to record the sale and the settlement of the accounts receivable.
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Related Book For 
Financial Accounting
ISBN: 9780471169208
2nd Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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