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Myrex Corporation Purchased $4,000 in Merchandise from TechCom

Question 88

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Myrex Corporation purchased $4,000 in merchandise from TechCom. Myrex signed a 60-day, 10%, $4,000 promissory note. TechCom should record the sale with a journal entry debiting ____________________ for _________ and crediting __________________ for _______.

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