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

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On January 6, Malta Ltd. 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 Malta’s books to record the sale and related collection. (Omit cost of goods sold entries.)

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Accounting Principles

ISBN: 978-1119419617

IFRS global edition

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

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