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Current Attempt in Progress At December 31, 2021, Pharoah Company reported this information on its balance sheet. During 2022, the company had the following transactions
Current Attempt in Progress At December 31, 2021, Pharoah Company reported this information on its balance sheet. During 2022, the company had the following transactions related to receivables. (a) Your answer is correct Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivable. (Credit account titier are outomotically indented when arnount is entered Do not indent manualiy) Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts recelvable. (Credit account titles ore outomotically indented when amount is entered. Do not indent manualhy) Enter the January 1, 2022, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries to the two accounts (use T-accounts), and determine the balances. (Post entrles in the order of foumal entries presented in the previous part)
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