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Very possible that was is filled in the boxes is incorrect.... please help Apex Consulting performed service for a client who could not pay immediately.
Very possible that was is filled in the boxes is incorrect.... please help
Apex Consulting performed service for a client who could not pay immediately. Apex expected to collect the $4,500 the following month. A month later, Apex received $2,700 cash from the client. 1. Record the two transactions on the books of Apex Consulting. Include an explanation for each transaction. 2. Post to these T-accounts: Cash, Accounts Receivable, and Service Revenue. Compute each account balance and denote it as Bal. 1. Record the two transactions on the books of Apex Consulting. Include an explanation for each transaction. Record the service performed on account for $4,500. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Debit Credit $4500 Journal Entry Accounts and Explanations 1. Accounts Receivable Service Revenue Cash Accounts Receivable $4500Step by Step Solution
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