12. Journalize the following entries on the books of Chip Co.(Assume a 360-day year is...
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12. Journalize the following entries on the books of Chip Co.(Assume a 360-day year is used for interest calculations.) Aug. 10 Chip Co. purchased merchandise for $44,000 on account from Dale Co, terms n/30. Date?? Chip Co. issued a 45-day, 4% note for $44,000 on account. Chip Co. paid the amount due. Date
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