Mandelbrot Graphics makes most of its sales on credit. Data from the October sales journal are given

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Mandelbrot Graphics makes most of its sales on credit. Data from the October sales journal are given below:

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During November, Mandelbrot received payment for all of the credit sales made in October. Julia Company was given a 3% sales discount. Mandelbrot's cash sales during November totaled \($380.\) In addition, during November Mandelbrot received full payment on a \($5.000\) note receivable, along with \($450\) in interest. Also, Mandelbrot received a \($750\) refund for an insurance policy that had been canceled. Prepare a cash receipts journal for Mandelbrot Graphics for November.

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Intermediate Accounting

ISBN: 9780324013078

14th Edition

Authors: Fred Skousen, James Stice, Earl Kay Stice

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