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1 For each of the three independent situations determine the amount of cash received from the customers and prepare journal entries that summarize the selling
1 For each of the three independent situations determine the amount of cash received from the customers and prepare journal entries that summarize the selling and collection activitles for the reporting period. All dollars are in millions. Complete this question by entering your answers in the tabs below. Cash Recd from Cust General Journal Prim Determine the amount of cash received from the customers. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Situation Sales Revenue Accounts Receivable Increase (Decrease) Cash Received from Customers 1 260 0 2 260 25 co N 3 260 (25) esh Perde Cust General Journal > Saved 1 For each of the three Independent situations determine the amount of cash received from the customers and prepare Journal entries that summarize the selling and collection activities for the reporting period. All dollars are in millions Complete this question by entering your answers in the tabs below. Cash Recd from Cust General Journal Print Prepare journal entries that summarize the selling and collection activities for the reporting period. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) View transaction list 1 Record the sales to customers in situation 1. > 2 Record the sales to customers in situation 2. 3 Record the sales to customers in situation 3. Credit Note : = journal entry has been entered Record entry Clear entry View general journal
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