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question 1. Journalize the following transactions of Speedy Mail for the year ended July 31, 2019 (explanations not required): a. Service revenue was $33,500 million,
question 1. Journalize the following transactions of Speedy Mail for the year ended July 31, 2019 (explanations not required): a. Service revenue was $33,500 million, of which 8% is cash and the remainder is on account.
b. Collections from customers on account were $27,721 million.
C. Uncollectible-account expense was 5% of service revenue on account.
d. Write-offs of uncollectible accounts receivable were $1,551 million.
e. On July 1, Speedy Mail received a 2-month, 6%, $600 million note receivable from a large corporate customer in exchange for the customer's past due account; Speedy Mail made the proper year-end adjusting entry for the interest on this note.
f. Speedy Mail's July 31, 2019, year-end bank statement reported $52 million of non-sufficient (NSF) checks from customers.
thanks sorry its a long question
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