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how can we find value for 1. cash value ( full explanation ) 2. Account receivable ( Full explanation ) Wilm Schmidk, the owner of
how can we find value for1. cash value ( full explanation ) 2. Account receivable ( Full explanation ) Wilm Schmidk, the owner of Wilm's Window Washing Services, had difficulty getting the debits to equal credits on the January 31. 2023, trial balance. The following errors were discovered a. Schmidt did not post a $4,800 purchase of equipment on credit b. In posting a $1,800 collection from a credit customer, Schmidt debited Accounts Recelvable and credited Cash. c. In posting a cash receipt. Schmidt correctly debited Cash for $2,650 but incorrectly credited Accounts Receivable for $5,250 d. In posting a $3,800 payment on account, Schmidt debited Accounts Payable but forgot to post the credit to Cash. e. In posting the entry for services of $2.600 performed for a customer on credit, Schmidt debited Accounts Recelvable but credited Mointenance Expense
1. cash value ( full explanation )
2. Account receivable ( Full explanation )
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