On January 6, Jacob Co. sells merchandise on account to Harley Inc. for $9,200, terms 1/10, n/30.

Question:

On January 6, Jacob Co. sells merchandise on account to Harley Inc. for $9,200, terms 1/10, n/30. On January 16, Harley pays the amount due.
Instructions
Prepare the entries on Jacob Co.'s books to record the sale and related collection. (Omit cost of goods sold entries.)
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Related Book For  answer-question

Accounting Tools for Business Decision Making

ISBN: 978-1118096895

6th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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