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The company sold inventory that cost $14,000,000 for a total of $22,000000 of that,$17,000,000 was received in cash and $5,000,000 was on account (that is,
- The company sold inventory that cost $14,000,000 for a total of $22,000000 of that,$17,000,000 was received in cash and $5,000,000 was on account (that is, added to Accounts Receivable).
How would I record this in a journal entry? How would I record this in the ledger? Do I record the debit as a negative in the ledger? Can you upload the answer in Excel?
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Accounting Theory Conceptual Issues In A Political And Economic Environment
Authors: Harry I. Wolk, James L. Dodd, John J. Rozycki
7th Edition
1412953456, 978-1412953450
