On January 10, 2017, Kato Kreations sold merchandise on account to Lechner & Associates for $15,600, n/30.

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On January 10, 2017, Kato Kreations sold merchandise on account to Lechner & Associates for $15,600, n/30. On February 9, Lechner gave Kato a 10% promissory note in settlement of this account. Prepare the journal entries to record the sale and the settlement of the accounts receivable.
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Accounting Principles

ISBN: 978-1119048503

7th Canadian Edition Volume 1

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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