the company recorded the following summary journal entries during july a cash 4375134

The company recorded the following summary journal entries during July. a. Cash ……………………………………… 30,000 Sales …………………………………………………. 30,000 b. Cash ………………………………………. 8,000 Accounts Receivable ………………………………… 40,000 Sales …………………………………………………. 48,000 c. Inventory ………………………………… 25,000 Accounts Payable …………………………………… 25,000 d. Cash …………………………………….. 33,000 Accounts Receivable ………………………………. 33,000 e. Accounts Payable ……………………….. 19,000 Cash ……………………………………………….. 19,000 1. Write a brief description of each of the five transactions represented by the journal entries in (a) through (e). 2. At the beginning of July, the Accounts Receivable balance was $5,000. What is the Accounts Receivable balance at the end of July? View Solution:
The company recorded the following summary journal entries during July a

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