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Prepare the summary entries necessary to determine the amount of cash received from customers for each of the four independent situations below. Cash received from
Prepare the summary entries necessary to determine the amount of cash received from customers for each of the four independent situations below. Cash received from customers ? Situation 1 2 3 4 Sales revenue $170,000 170,000 85,000 85,000 Accounts receivable Increase (Decrease) $ 9,700 (9,700) (14,700) 14,700 Complete this question by entering your answers in the tabs below. Cash Received General Journal Determine the amount of cash received from customers for each of the four independent situations below. Situation 1 Sales revenue Accounts Cash received receivable Increase from customers (Decrease) $ 170,000 $ 9,700 170,000 (9,700) 85,000 (14,700) 85,000 14,700 2 3 4 Complete this question by entering your answers in the tabs below. Cash Received General Journal Prepare the summary entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first ac field.) View transaction list Journal entry worksheet Record the entry for situation 1. Note: Enter debits before credits
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