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An organization sells products to customers as explained below. The customers are sent invoices at a later date, and they make payment for the amount
An organization sells products to customers as explained below. The customers are sent invoices at a later date, and they make payment for the amount of the invoice. Prepare the t-accounts to illustrate the impact of these purchases on the general ledger and the related sub-ledgers. a. Sell products for $4,200 to Customer A b. Sell products for $3,600 to Customer B You must list all related general ledger accounts and sub-ledgers. In each account, mark each debit/credit entry with one of the numbers listed below. (1) Sale to Customer A; (2) Sale to Customer B; (3) Payment from Customer A; (4) Payment from Customer B
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