On January 10, 2022, Pronghorn Corp sold merchandise on account to Tompkins for $7,210, terms n/30. On February 9, Tompkins gave Pronghorn Corp a 7% promissory note in settlement of this account.
Prepare the journal entry to record the sale and the settlement of the accounts receivable. (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 |
|---|---|---|---|
| choose a transaction date | enter an account title to record the first transaction | enter a debit amount | enter a credit amount |
| enter an account title to record the first transaction | enter a debit amount | enter a credit amount | |
| choose a transaction date | enter an account title to record the second transaction | enter a debit amount | enter a credit amount |
| enter an account title to record the second transaction | enter a debit amount | enter a credit amount |
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