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help pls 1. Desty Company has cash sales of $3,000,000, credit sales of $2,000,000, beginning Accounts Receivable of $300,000 and ending accounts receivable of $400,000.
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1. Desty Company has cash sales of $3,000,000, credit sales of $2,000,000, beginning Accounts Receivable of $300,000 and ending accounts receivable of $400,000. What is Desty's Day Sales' Outstanding? 2. On September 1, 2020, Cemerci Company loaned Theobold Company $50,000. The loan was for six months at 5% interest Cemerci records adjusting entries every December 31st. a. Prepare the adjusting entry on December 31st to record the accrued interest. b. Prepare the entry to record the receipt of payment on March 1, 2021 Step by Step Solution
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