Journalize the following transactions in the accounts of Laser Tech Co., a medical equipment company that uses
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Feb. 23. Sold merchandise on account to Dr. Judith Salazar, $41,500. The cost of the merchandise sold was $22,300.
May 10. Received $10,000 from Dr. Judith Salazar and wrote off the remainder owed on the sale of February 23 as uncollectible.
Dec. 2. Reinstated the account of Dr. Judith Salazar that had been written off on
May 10 and received $31,500 cash in full payment.
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Date 23Feb Accounts Receivable DrJudith Salazar Sales Revenue 10May Cash 2Dec ...View the full answer
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Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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