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Fulhage Waste Company provides weekly trash collection services to small companies. Fulhage collected a $1,500 deposit from each of 18 new customers for large trash
Fulhage Waste Company provides weekly trash collection services to small companies. Fulhage collected a $1,500 deposit from each of 18 new customers for large trash dumpsters. The cost uses a perpetual inventory system. What journal entries are required when 15 dumpsters are retumed to Fulhage? What journal entries are required if three of the dumpsters are damaged and the customer forfeits the deposit? Assume the three damaged dumpster were not returned. Record debits first, then credits. Exclude explanations from journal entries.) of each dumpster is $800. The company Prepare the journal entry to record the collection of the deposits from the customers. Inventory Delivered to the Customer Account
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