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Burke Company earned $5,600 of service revenue on account during 2014. The company collected $4,760 cash from accounts receivable during 2014. Required Based on this
Burke Company earned $5,600 of service revenue on account during 2014. The company collected $4,760 cash from accounts receivable during 2014.
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Based on this information alone, determine the following for Burke Company. (Hint: Record the events in general ledger accounts under an accounting equation before satisfying the requirements.) (Enter any decreases to account balances with a minus sign.)
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