Presented below is information for metlock company.
1. beginning-of-the-year accounts receiva...
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Business, 19.12.2019 03:31 Sumitco9578
Presented below is information for metlock company.
1. beginning-of-the-year accounts receivable balance was $22,700.
2. net sales (all on account) for the year were $101,600. metlock does not offer cash discounts.
3. collections on accounts receivable during the year were $82,300.
prepare (summary) journal entries to record the items noted above
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