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Current Attempt In Progress Windsor Trading uses a perpetual inventory system and the earnings approach to recognise revenue. The company offers creditterns to select customer.
Current Attempt In Progress Windsor Trading uses a perpetual inventory system and the earnings approach to recognise revenue. The company offers creditterns to select customer. The following are transactions of Windsor Trading with some of its customers, Feb. 5 Sold merchandise to Classen for $48,000, terms 1/10, 1/60 6 Classen returned 55.200 of merchandise 11 Wrote off an account receivable from B. Wong of $1,500, after making repeated efforts to collect. 15 Classen paid Windsor the amount owing. 28 Collected $990 from a collection agency who managed to collect an account from Mancini that had been previously written off by Windsor Prepare the journal entries to record the above transactions. Ignore any inventory or cost of goods sold entries for the purposes of this question Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem) View Policies Current Attempt in Progress Jayden Sunland owns Sunland Electric and indicates on December 31 the adjusted balance per his book is $9,809 and the uradjusted balance on his bank statement is 57A5 1. Prepare a bank reconciliation given the following (a) Outstanding cheques of $1,340 (6) Deposits in transit of $5,880 id Debit memorandum for bank service charge of $20 Id EFT of $2,210 from a customer for goods received List items that increase blonde os perbank & boost
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