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todom
Mar 22, 2010, 01:51 PM
If you receive 8900 cash from Foley Co. on account, no discount what would be my journal entries?
Jazzy2010
Mar 22, 2010, 04:48 PM
If Foley Co. is paying part or all of their debt to you:

Debit Cash $8,900
Credit Accounts Receivable