Alternative a:

Date General Journal Debit Credit
July 1, 2011


Alternative b:

Date General Journal Debit Credit
July 1, 2011



(2)
Assuming that 80% of all June 30 receivables are collected during July, prepare the necessary journal entries to record the collection and the remittance to the bank. (Omit the "$" sign in your response.)

Alternative a:

Date General Journal Debit Credit
July, 2011


July 31, 2011



Alternative b:

Date General Journal Debit Credit
July 31, 2011