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The following transactions took place for Tanaka company in June: Purchased equipment on account for $9,800. Billed customers $5,600 for services performed. Made payment of
The following transactions took place for Tanaka company in June:
- Purchased equipment on account for $9,800.
- Billed customers $5,600 for services performed.
- Made payment of $2,400 on account for equipment purchased earlier in month.
- Collected $3,900 on customer accounts.
What are the Accounts Payable and Accounts Receivable balances at June 30, 2016?
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Accounting Chapters 1-13
Authors: Carl Warren
27th Edition
1337272108, 978-1337272100
