On January 6, Ayayai Co. sells merchandise on account to Harley Inc. for $8,800, terms 2/10, n/30. On January 16, Harley pays the amount due. Prepare the entries on Ayayai Co.'s books to record the sale and related collection. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit
On January 6, Ayayai Co. sells merchandise on account to Harley Inc. for $8,800, terms 2/10, n/30. On January 16, Harley pays the amount due. Prepare the entries on Ayayai Co.'s books to record the sale and related collection. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:On January 6, Ayayai Co. sells merchandise on account to Harley Inc. for $8,800, terms 2/10, n/30. On January 16, Harley pays the
amount due.
Prepare the entries on Ayayai Co.'s books to record the sale and related collection. (Omit cost of goods sold entries.) (Credit account
titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Date
Account Titles and Explanation
Debit
Credit
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