Solved: On january 10 2010 gonzalez co sold merchandise on account, Accounting Basics

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On january 10 2010 gonzalez co sold merchandise on account

Question - 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: On january 10 2010 gonzalez co sold merchandise on account

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Accounting Basics: On january 10 2010 gonzalez co sold merchandise on account

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