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Fundamental Accounting,:Oversea students 3. To make double entries for the following transactions. 3.1 Purchase of inventory on credit for $100. 3.2 Collected $180 from E,
Fundamental Accounting,:Oversea students 3. To make double entries for the following transactions. 3.1 Purchase of inventory on credit for $100. 3.2 Collected $180 from E, a credit customer 3.3 Paid rent of $700 to landlord G 3.4 Sent out a credit note for $200 to customer I 3.5 What are the correct ledger entries to record an acquisition of a non-current asset on credit? 3.6 What is the double entry to record providing $1,000 allowance for receivables
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