Record the sale and related collection

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Reference no: EM13158604

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.

Reference no: EM13158604

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Record the sale and related collection : 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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