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At January 1, 2018, Eagle Mountain Pagpoles had Accounts Receivable of $28,000, and Allowance for Bad Debts had a credit balance of $3,000. During the
At January 1, 2018, Eagle Mountain Pagpoles had Accounts Receivable of $28,000, and Allowance for Bad Debts had a credit balance of $3,000. During the you, Fagle Mountain Flagpoles recorded to following (Click the icon to view the transactions) Read the requirements Requirement 1. Joumalize Eagle's transactions that occurred during 2018. The company uses the stowarce method. (Record debita fint, the credite Select the explanation on the last line of the jumal entry table) (a) Sales of $177,000 ($160,000 on account: $17.000 for cash) Ignore Cost of Goods Sold (Prepare a single compound journal entry) Date Accounts and Explanation Debit Credit 2018 (b.) Collections on account, $135,000. Date Accounts and Explanation Debit Credit 2018
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