Preparing and Recording Sales Transactions
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On January 6, Arneson Co. sells merchandise on account to Cortez Inc. for $9,000, terms 2/10, n/30. On January 16, Cortez Inc. pays the amount due. Prepare the entries on Arneson's books to record the sale and related collection.
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Solution Summary
This solution prepares the entries on Arneson's books to record the sale and related collection.
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