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On Nov 1, Husker Construction submits a pay application for $900,000 (incl. 10% retainage). Husker then receives payment less retainage on Dec 10th. Record these

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On Nov 1, Husker Construction submits a pay application for $900,000 (incl. 10% retainage). Husker then receives payment less retainage on Dec 10th. Record these receivables transactions in your general ledger Date Description Debit Credit

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