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    cwaller Posts: 19, Reputation: 1
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    Oct 23, 2010, 10:19 AM
    Accounting help
    In December, 2008, Ace Consulting performed services for a customer for $12,000 on account. On June 1, 2009, after several unsuccessful attempts to collect, Ace replaced the customer's account receivable with a 6% note, due and collected in full on January 31, 2010. Ace's accounting year end is December 31.


    Required: Prepare all necessary journal and adjusting journal entries for Ace Consulting for 2008, 2009 and 2010.

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