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Prepare the entries on petro co.

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Reference no: EM13511918

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

Instructions

Prepare the entries on Petro Co.'s books to record the sale and related collection. (Omit cost of goods sold entries.)

Reference no: EM13511918

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