pollard service co experienced the following transactions for 2016 its first year of 4372847

Pollard Service Co. experienced the following transactions for 2016, its first year of operations: 1. Provided $86,000 of services on account. 2. Collected $72,000 cash from accounts receivable. 3. Paid $39,000 of salaries expense for the year. 4. Pollard adjusted the accounts using the following information from an accounts receivable aging schedule: Required a. Record the above transactions in general journal form and post them to T-accounts. b. Prepare the income statement for Pollard Service Co. for 2016. c. What is the net realizable value of the accounts receivable at December 31, 2016? View Solution:
Pollard Service Co experienced the following transactions for 2016 its

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