Question
July 31: Southside Food Vendors reported a total of $12,000 of vending machine sales for July. Ten percent of these sales are $1,200. Since $500
July 31: Southside Food Vendors reported a total of $12,000 of vending machine sales for July. Ten percent of these sales are $1,200. Since $500 had already been received and recorded in July, Fred received the $700 owed.
My question is What should I debit and credit for my journal entries?
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The Future Of Audit Keeping Capital Markets Efficient
Authors: Keith Houghton, Christine Jubb, Michael Kend, Juliana Ng
1st Edition
1921666501, 978-1921666506
