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Presented below is information for Splish Company. 1. Beginning-of-the-year Accounts Receivable balance was $24,900. 2. Net sales (all on account) for the year were $105,300.
Presented below is information for Splish Company. 1. Beginning-of-the-year Accounts Receivable balance was $24,900. 2. Net sales (all on account) for the year were $105,300. Splish does not offer cash discounts. 3. Collections on accounts receivable during the year were $84,300. (a) Prepare (summary) journal entries to record the items noted above. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account tities are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)
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