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Deffense [45]
3 years ago
12

Trails End Vacations has a $2,200 account receivable from the Sun City Kiwanis. On March 11, the Kiwanis makes a partial payment

of $1,050 to Trails End. The journal entry made on March 11 by Trails End to record this transaction includes:
Business
1 answer:
Pavlova-9 [17]3 years ago
3 0

Answer:

Cash $1,050 (debit)

Accounts Receivable :Sun City Kiwanis $1,050 (credit)

Explanation:

When Kiwanis makes a partial payment to settle their account, in Trails Ends records, we recognize (1) an the increase in the assets of cash and (2) recognize a decrease in the assets of accounts receivable.

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Answer:

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Weighted-average inventory costing method=  Total Cost/ Total Units=

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3 0
3 years ago
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Answer:

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