#journal entry, Accounting Basics

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#How to make journal entries?

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ERS is a business process among trading partners that conduct commerce without invoices. In an ERS transaction the supplier ships goods based upon an Advance Shipping Notice (ASN)

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Prepare a Multiple-Step Income Statement based on the information presented in problem 4 above.                    Answer :

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1. An accountant records a transaction when cash is paid or received under which basis of accounting?  cash  deferred  accrual  liability  2. When unearned revenue is initially rec

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identify the income statement account

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