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Create a journal entry for the following transaction: Your firm has total sales for the year of $1,610,100. Included in the total sales figure are...

Create a journal entry for the following transaction:


Your firm has total sales for the year of $1,610,100. Included in the total sales figure are $1,115,900 sales on credit. During the year, the firm received $1,080,000 of payments on account.  

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