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Jones Corp has a book balance in their Cash account of $49.000 on March 31, 2020. Their bank statement reports a balance of $39.000. The

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Jones Corp has a book balance in their Cash account of $49.000 on March 31, 2020. Their bank statement reports a balance of $39.000. The bank statement indicates service fees were charged in the amount of $1000 and a customer check was rejected for NSF amounting to $3.000. Cris, their accountant, identifies $15,000 of outstanding checks and a deposit in transit of $21,000. What is Jones Corp corrected cash balance for March 31, 2020? $59.000 $48.000 @ $45.000 $39.000 Using the gross method for accounting of sales discounts, what is the correct journal entry for a sale of $50,000 with credit terms of 2/10,n30? Debit Accounts Receivable $49.000; Debit Sales Discounts $1,000: Credit Sales Revenue $50,000 Debit Accounts Receivable $49,000; Credit Sales Revenue $49,000 Debit Accounts Receivable $50,000: Credit Sales Discounts $1.000; Credit Sales Revenue $49.000 Debit Accounts Receivable $50,000; Credit Sales Revenue $50,000 Joyce Company had an accounts receivable balance on July 1 of $5.000. During the month, credit sales of $56,000 were recorded and accounts receivable of $3,000 were written off as not collectible. The accounts receivable balance on July 31 was $45,000. What was the amount of cash collected from customers during the month? $56,000 O $16.000 $13.000 $7.000 True or False. Factoring Accounts Receivable with recourse means that if a customer defaults on a receivable sold the purchaser of the receivables has the risk and absorbs the loss. True False

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