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12 0 77 points References Exercise 2 4A Algo Effect of accounts receiva statements LO...

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12 0 77 points References Exercise 2 4A Algo Effect of accounts receiva statements LO 2 1 2 2 2 3 The following events apply to Lewis and Harper a public ac 1 Performed 77 000 of services for clients on account 2 Performed 46 000 of services for cash 3 Incurred 40 000 of other operating expenses on accou 4 Pald 18 000 cash to an employee for salary 5 Collected 60 000 cash from accounts receivable 6 Pald 18 000 cash on accounts payable 7 Pald a 6 000 cash dividend to the stockholders

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