Prepare the entries on arneson''s books to record the sale
on january 6, arnesn co. sells merchandise on account to cortez inc. for $9000., terms 2/10, n/30. on january 16 cortez inc., pays the amount due. prepare the entries on arneson's books to record the sale and related collection.
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However, if one of you advertises and the other does not, the firm that advertises will earn $1 million and non-advertising firm will earn $5 million.
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