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help asap Prepare general journal entries to record the following transactions: (Credit occount titles are automatically indented when the amount is entered. Do not indent
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Prepare general journal entries to record the following transactions: (Credit occount titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Jan 1 Sold merchandise to Kelly Liam for $2,400 on account. The merchandise cost $1,440 and the company uses a perpetual inventory system and does not expect any returns. Feb 1 Received $720 from Liam. Jul 1 Wrote off the balance of Liam's account as uncollectible. Sep 1 Unexpectedly received payment in full from Liam Step by Step Solution
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