Journalize entires related to accounts receivable.
1. Sold merchandise on account to Dodson Company for $5,000, terms 2/10, n/30.
2. Dodson Company returned merchandise worth $500 to Molina.
3. Molina collected the amount due from Dodson Company from the March 1 sale.
4. Molina sold merchandise for $400 in its retail outlet. The customer used his Molina credit card.
5. Molina added 1.5% monthly interest to the customer’s credit card balance.
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