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For the following transaction, answer the questions that follow in accordance with the rules of journalizing and the double-entry accounting system: Transaction: Price Company received

For the following transaction, answer the questions that follow in accordance with the rules of journalizing and the double-entry accounting system:

Transaction: Price Company received $3,500 payment from a customer on account.

image text in transcribed For the following transaction, answer the questions that follow in accordance with the rules of journalizing and the doubleentry accounting system: Transaction: Price Company received $3,500 payment from a customer on account

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