Question
If a company makes three entries into the revenue journal for cash received from customers paying on account of $500, $750, and $1,000 during the
If a company makes three entries into the revenue journal for cash received from customers paying on account of $500, $750, and $1,000 during the month, and during the same month has to refund $50 due to a customer overpaying, what is the balance of the cash receipts journal at the end of the month?
a.$2,200
b.$500
c.$750
d.$2,250
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Mathematical Applications for the Management Life and Social Sciences
Authors: Ronald J. Harshbarger, James J. Reynolds
11th edition
9781337032247, 9781305465183, 1305108043, 1337032247, 1305465180, 978-1305108042
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