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Ashlie M.

asked • 10/17/20

How Would I Journalize This Transaction: Dec 8 Received $22,400 On Account From Warthog Company, No Discount. This Sale Was Made In November

I was thinking:

Accounts Receivable 22,400

Sales 22,400



I'm not sure if this is correct?

Bruce W.

tutor
More likely: Original Transaction Debit A/R and Credit Sales. This transaction you receive the cash so...Debit Cash Credit A/R
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10/17/20

Bruce W.

tutor
Ashlie: Does this makes sense? Dr. Watson
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10/17/20

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