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7 During class we completed problems in Chapter 5 involving accounts receivable transactions and customer sub ledger accounts. Explain the purpoe of the Account Receivable
7 During class we completed problems in Chapter 5 involving accounts receivable transactions and customer sub ledger accounts. Explain the purpoe of the Account Receivable Schedule that we prepared during class. 8 The Lewis Company pays their employees every Friday. The weekly salaries for a five day workweek is $22,250. Assume that Sept 30th this month is a Wednesday. Prepare the adjusting journal entry for salary expense on Sept 30th (the employees will be paid on Friday Oct 2)
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