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Name: Laurente Services was established in February 2020, for cleaning servi
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Description: Laurente Services was established in February 2020, for cleaning services. Some of the transactions for February are presented below;Feb. 2: Billed customers $18,600 for cleaning services rendered. 3: Acquired cleaning supplies on account, $15

Business

Accounting

Billed

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 9RE: Refer to RE6-8. On April 23, 2020, McKinncy Co. receives a check, from Mangold Corporation for...

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Refer to RE6-8. On April 23, 2020, McKinncy Co. receives a check, from Mangold Corporation for 8,500. Prepare the journal entry for McKinncy to record the collection of the account previously written off.
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Laurente Services was established in February 2021 for cleaning services. Some of the transactions for February are presented below: Feb. 2 Billed customers P18,600 for cleaning sevices rendered. 3 - Acquired cleaning supplies on account, P15,600 8 - Received payment from previously billed customers, P10,000 9 - Paid rent, P8,000 10 - Received P6,200 for cleaning services rendered. Instructions: 1. Journalize each transaction 2. Post each journal entry to their separate ledgers using the running balance format
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