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Transaction Description: Waren Sports Supply received a partial payment of $12,000 from eastern Wisconsin University for the balance owed after reducing the amount by the

Transaction Description: Waren Sports Supply received a partial payment of $12,000 from eastern Wisconsin University for the balance owed after reducing the amount by the sales returned goods on charge sales invoice. Record the check in the cash receipts prelist. Endorse check on back "Deposit only Waren Sports Supply" and ash deposit slip. Record the check and cash receipts journal and the accounts receivable subsidiary ledger.

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