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Make a journal enties

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Question 1: Make a journal enties

1) Received payment of $340,000 on accounts receivable. After receiving the payment, estimated that 4% of the remaining accounts receivable balance will be uncollectible.

2) Earned $910,000 from book sales, collected $886,000 in cash and the remainder represents sales discounts taken by customers. Also, sold an additional $400,000 of books on account. Tom uses the gross method to account for sales discounts.

Reference no: EM132518163

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