Question: 1)please explain how to solve this step by step , 2) why is why is knowing this information important ? Your answer is correct. On

1)please explain how to solve this step by step , 2) why is why is knowing this information important ? Your answer is correct. On January 6, Novak Corp. sells merchandise on account to Harley Inc. for $7.200, terms 2/10.30On January 16, Harley pays the amount due. Prepare the entries on Novak Corp's books to record the sale and related collection (Omit cost of goods sold entries) et co Indent manually) t es are automatically indented when amount is entered Demet Date Account Titles and Explanation Debit Credit Jan Accounts Receivable jan 16

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