Question: Assume the same information as BE8-4. On March 4, 2020, Carpenter Co. receives payment of $6,200 in full from Megan Gray. Prepare the journal entries

Assume the same information as BE8-4. On March 4, 2020, Carpenter Co. receives payment of $6,200 in full from Megan Gray. Prepare the journal entries to record this transaction.

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