Question 18 View Policies Current Attempt in Progress 1. On January 10, 2017, Sage Hill Inc. sold merchandise on account to Tompkins for $8,370, terms 1/30 2 On February 9. Tompkins gave Sage Hill Inc. a 7% promissory note in settlement of this account. Prepare the journal entry to record the sale and the settlement of the accounts receivable. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually) No. Date Account Titles and Explanation Credit List of Accounts Save for Later Attempts: 0 of 5 used Submit Answer DOC Submission List of Accounts Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Allowance for Doubtful Accounts Bad Debt Expense Cash Common Stock Cost of Goods Sold Dividends Income Tax Expense Income Taxes Payable Interest Receivable Interest Revenue Inventory No Entry to search Notes Receivable O BS 2 A Interest Receivable Interest Revenue Inventory No Entry Notes Receivable Other Operating Expenses Other Receivables Retained Earnings Sales Discounts Sales Returns and Allowances Sales Revenue Service Charge Expense Supplies Supplies Expense