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Exercise 2 1 - 4 ( Algo ) Summary entries for cash received from customers [ LO 2 1 - 3 ] For each of
Exercise Algo Summary entries for cash received from customers LO
For each of the three independent situations determine the amount of cash received from the customers and prepare journal entries that summarize the selling and collection activities for the reporting period. All dollars are in millions.
Complete this question by entering your answers in the tabs below.
Cash Recd
General
from Cust
Journal
Determine the amount of cash received from the customers.
Note: Enter your answers in millions ie should be entered as
tableSituationtableSalesRevenuetableAccounts ReceivableIncrease DecreasetableCash Received fromCustomers
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