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Journalizing transactions
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1.Paid $1400 for salaries due employees of which $900 is for September 2. Paid creditors $4500 on account 3. Perfromed services on account and billed customer for services provided $1500 4. Received $650 from customers for future services
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How do I journalize the following transactions? Sales on account. $1,950,000 Sales Returns and Allowances, $150,000 Collections from customers, $1,800,000 Accounts written off, $35,000 Previously written off accounts of $7,000 were collected
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Issued a 9000 note to purchase inventory. The 3 month note payable bears interest of 8% and is due 12/1 Record accrued interest for the note Issued a 18000, 9%, 4 month note to finance the purchase of a new clibing wall for advanced climbers. The note is due 2/1 Recorded accrued interest...
Journalizing Transactions.
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I usually am pretty decent at understanding the task at hand and all that, but this one transaction had me confused and it is a one attempt assignment so I don't want to get it wrong. Paid $1,258 for salaries due employees, of which $604 is for November and $654 is for October salaries payable. ... View more questions Search
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