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Please record thee journal entries with the account names for debits and credits and the $ amount. OPC declares a $0.50 cash dividend on each
Please record thee journal entries with the account names for debits and credits and the $ amount.
OPC declares a $0.50 cash dividend on each share of common stock on 1/04, to be paid on 1/10. Record the transaction. Note: Enter debits before credits. A $990 customer account is written off as uncollectible on 1/05. Record the transaction. Note: Enter debits before credits. On 1/06, recorded sales of 175 units of inventory on account. Sales tax is charged but not yet collected or remitted to the state. Record the sale transaction. Note: Enter debits before credits. On 1/06, recorded sales of 175 units of inventory on account. Sales tax is charged but not yet collected or remitted to the state. Record the cost of goods sold. Note: Enter debits before creditsStep by Step Solution
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