Question
Consider the three independent situations below (amounts are $ in millions): Required: 1. Calculate cash paid to suppliers. (Enter your answers in millions (i.e., $10,100,000
Consider the three independent situations below (amounts are $ in millions): Required: 1. Calculate cash paid to suppliers. (Enter your answers in millions (i.e., $10,100,000 should be entered as 10.1).)
2. Prepare the summary journal entry for each situation. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Enter your answers in millions (i.e., $10,100,000 should be entered as 10.1).)
Journal entry worksheet: For these I was not given any amounts. these were the questions that was provided.
1: Record the receipt of cash from customers.
2. Record the receipt of cash from customers.
3. Record the receipt of cash from customers.
Hi There are no amounts.
situation: sale revenue Accounts Receivable increase or decrease Cash received from customers
1. 200 0 ? ANSWER
2. 200 30 ? ANSWER
3. 200 (30) ? ANSWER
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