Question 2 (of 5) 0.50 points For each of the three collection activities for th

Question

Question 2 (of 5) 0.50 points For each of the three collection activities for the reporting period in order to determine the amount of cash received from customers and to explain the change in each required for a transaction/event, select "No Journal entry required" In the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) situations below, prepare journal entries that summarize the selling and account shown. All dollars are in millions. (If no entry Is ituation Revenue Sales Receivable Inc Cash Re from Custome (D 13 (13) Journal entry worksheet 2 6 A ir

Explanation / Answer

Note :

Answer

Journal Entries

Situations Sales Revenue Accounts Receivable (increase / decrease) Cash received from customers 1 220 0 220 2 220 13 207 3 220 (13) 233

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