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Exercise 2 1 - 4 ( Algo ) Summary entries for cash received from customers [ LO 2 1 - 3 ] For each of

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Exercise 21-4(Algo) Summary entries for cash received from customers [LO21-3]
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 (i.e.,10,000,000 should be entered as 10).
2) Prepare journal entries that summarize the selling and collection activities for the reporting period.
Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e.,10,000,000 should be entered as 10).
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