Prepare the summary entries necessary to determine the amount of cash received from customers for...
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Accounting
Prepare the summary entries necessary to determine the amount of cash received from customers for each of the four independent situations below. Situation 1 2 Sales revenue $220,000 220,000 110,000 110,000 Accounts receivable increase (decrease) $ 10,200 (10,200) (15,200) 15,200 Cash received from customers ? ? ? 3 4 Complete this question by entering your answers in the tabs below. Cash Received General Journal Determine the amount of cash received from customers for each of the four independent situations below. Situation Cash received from customers 1 2 Sales revenue Accounts receivable increase (decrease) $ 220,000 $ 10,200 220,000 (10,200) 110,000 (15,200) 110,000 15,200 3 4 Cash Received General Journal > 1 Record the entry for situation 1. 2 Record the entry for situation 2. 3 Record the entry for situation 3. 4 Record the entry for situation 4
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