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please answer B Prepare fourrat entries on the Sunland Company bools to record all the events noted above under each of the following bases (1)
please answer B
Prepare fourrat entries on the Sunland Company bools to record all the events noted above under each of the following bases (1) Sales and receivables are entered at grons selling price. (2) Salestand recelvables are enteredat net of cash discounts. (tf no entry is required, seiect "No Entry" for the account tities and enter O for the amounts Credit account titler are outomatically indented when the dmount is entered. Do not indent mankalik Ust oll deblit entries before credit entrles Record joumal entries in the order presented. In the problem] Prepare the journal entry under basis 2 , assuming that Chester Company did not remit payment until July 29 . (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit occount titles are automatically Indented when the amount is entered. Do not indent manually, List all debit entries before credit entries.) Step by Step Solution
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