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Prepare the entries on aaron cos books to record the sale

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Reference no: EM131788737

Problem

On January 6, Aaron Co. sells merchandise on account to Foley Inc. for $9,200, terms 1/10, n/30. On January 16, Foley pays the amount due.

Prepare the entries on Aaron Co.'s books to record the sale and related collection.

Reference no: EM131788737

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