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Show all work 1. Regenerate and demonstrate in your working paper the interrelationship of the accounts receivable, ledger, and schedule of accounts receivable of the

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1. Regenerate and demonstrate in your working paper the interrelationship of the accounts receivable, ledger, and schedule of accounts receivable of the following transactions: (433) Aug 1 - Blue Company purchase on account $3,000 Aug 4 - Green Company purchase on account $500 Aug 18- White Company purchase on account $457 Aug 21- Orange Company purchase on account $3,330 Aug 23- Black Company purchase on account $1,212 2. Purchase returns and allowances-generate an accounting equation and allocate the following transactions to the corresponding accounts. Ensure your equation is very neat and clear: (437) a. On June 2, bought merchandise on account from the Blue Company $2,010 b. On June 8, your company returned some merchandise and received credit for it from the Blue Company $620 3. Sales discount- allocate the following transactions into the correct part of the accounting equation and their correct T account (use your working paper): (499) a. Brown Company sold merchandise on account to Black Company $32,456 b. Black Company returned $10,121 worth of merchandise (account was credited) c. Brown Company received a check from Black Company less the returns with an 8% discount of 15/30 (you will have to do the math). 4. Purchase discount- allocate the following transactions into the correct part of the accounting equation and their correct t account (use working paper) (505) a. On July 9, company White bought merchandise on account from Lois Cop, for $1,500; terms 3/10, n/30; dated June 10. FOB Kansas, freight prepaid and added to the invoice for $80. (Total $1,580). b. On July 12, issued a check no. 200 to Lois Cop, less cash discount (figure out discount)

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