Accounts in General Ledger

Question

May 12, 2008, 09:46 AM

StoneCold9920

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Join Date: May 2008

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Accounts in General Ledger

Mickey Company has the following accounts in its general ledger at July 31: Accounts Receivable, $40,000; and Allowance for Doubtful Accounts $2,500. During August, the following transactions occurred:

Aug. 15 Sold $20,000 of accounts receivable to Good Factors, Inc. Who assesses a 3% finance charge.

Aug. 25 Made sales of $900 on VISA credit cards. The credit card service charge is 2%

Answers

May 14, 2008, 08:18 PM	#2

morgaine300 Accounting Expert Join Date: Feb 2008 Posts: 1,396	Please see our guidelines on submitting homework help. It's at the top of this page in big red print. http://www.askmehelpdesk.com/finance...-b-u-font.html

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