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Prepare the entries on gramke co.

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Reference no: EM13511916

On January 6 Gramke Co. sells merchandise on account to Colt Inc. for $8,000, terms 1/10, n/30. On January 16 Colt pays the amount due.

Instructions

Prepare the entries on Gramke Co.'s books to record the sale and related collection.

Reference no: EM13511916

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