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Write the Journal Entry for the following situation: ABC company collects funds from each of its clients for medical benefits during each month. These

Write the Journal Entry for the following situation: ABC company collects funds from each of its clients for medical benefits during each month. These billings are pass-throughs to the company and belong to the client. If ABC Company was billed $75,000 for their client A monthly benefits, what would be the JE written for that transaction? What would the subsequent JE be when the benefits provider was paid by the company?

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