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On September 8, a company provides services on account to a customer for $2,400, terms 3/10, n/30. The customer pays for those services on September
On September 8, a company provides services on account to a customer for $2,400, terms 3/10, n/30. The customer pays for those services on September 15.
Record the transactions for the company when the services are provided on September 8 and when the cash is collected on September 15. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
1.) Record the service revenue on account.
2.) Record the receipt of accounts receivable.
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