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Please provide a written out by hand solution for the above example. The proper journal entry to record Ransom Company's on collection of $500 for
Please provide a written out by hand solution for the above example.
The proper journal entry to record Ransom Company's on collection of $500 for previous credit sale is: Debit Credit a. Cash 500 Accounts Receivable 500 b. Accounts Receivable 500 Revenue 500 c. Cash 500 Common Stock 500 d. Cash 500 Service Revenue 500Step by Step Solution
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Cost Management A Strategic Emphasis
Authors: Edward Blocher, Kung Chen, Thomas Lin
1st Edition
0070059160, 978-0070059160
