Making the journal entry to record the sale, Accounting Basics

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Making the journal entry to record the sale

On January 10, 2010, Gonzalez Co. sold merchandise on account to Ernst for $6,000, terms n/30. On February 9 Ernst gave Gonzalez Co. a 7% promissory note in settlement of the accounts receivable.

Prepare the journal entry to record the sale and the settlement of the accounts receivable.

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Accounting Basics: Making the journal entry to record the sale

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Accounting Basics: Making the journal entry to record the sale

Reference No:- TGS069847

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Recent Questions Asked Accounting Basics

Q : Prepare the necessary journal entry

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Making the journal entry to record the sale

Reference No:- TGS069847

Recent Questions Asked Accounting Basics

Q : Prepare the necessary journal entry

Q : Corporation are what type of control group

Q : American prices drift upward

Q : Prepare the income tax entry for 2009

Q : Making the journal entry to record the sale

Q : What is the payback period of the presentation equipment

Q : What were the total dividends paid to shareholders

Q : What are some important aspects of the decision

Q : Public ownership of business and extensive government

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