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11/3 pt3 Required: Prepare journal entries for items (a)-(i). Show how Accounts Receivable, Notes Receivable, and their related accounts would be reported in the current
11/3 pt3
PAS-4 ACCOUNTING FOR ACCOUNTS AND NOTES RECEIVARE TRANSACTIONS 108 ? 1401 Web Wizard, Inc, has previded information technology senvices for several yean. Fer the first receivable method. The conpany entered into the follewing partial list of trinsactione dering the first quarter. d. On Febnary 15 , the conpary wrote off a stoo actoant receivale 6. monitis. Required: 1. DELETED| 2. Prepare joarnal eatries for inems (a) - Gh. after, lacease from Operatiens. PAS-4 ACCOUNTING FOR ACCOUNTS AND NOTES RECEIVARE TRANSACTIONS 108 ? 1401 Web Wizard, Inc, has previded information technology senvices for several yean. Fer the first receivable method. The conpany entered into the follewing partial list of trinsactione dering the first quarter. d. On Febnary 15 , the conpary wrote off a stoo actoant receivale 6. monitis. Required: 1. DELETED| 2. Prepare joarnal eatries for inems (a) - Gh. after, lacease from Operatiens
Required:
- Prepare journal entries for items (a)-(i).
- Show how Accounts Receivable, Notes Receivable, and their related accounts would be reported in the current assets section of a classified balance sheet at the end of the first quarter.
- Sales Revenue and Service Revenue are two income statement accounts that relate to Accounts Receivable. Name two other accounts related to Accounts Receivable and Notes Receivable that would be reported on the income statement and indicate whether each would appear before, or after, Income from Operations.
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