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More info a. Sales of $180,000 ( $160,000 on account; $20,000 for cash). Ignore Cost of Goods Sold. b. Collections on account, $128,000. c. Write-offs
More info a. Sales of $180,000 ( $160,000 on account; $20,000 for cash). Ignore Cost of Goods Sold. b. Collections on account, $128,000. c. Write-offs of uncollectible receivables, $2,300. (Click the icon to view the transactions.) Read the requirements. (a.) Sales of $180,000 ( $160,000 on account; $20,000 for cash). Ignore Cost of Goods Sold. (Prepare a single compound journal entry.)
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