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Journalize the following transactions in the accounts of Laser Tech Co., a medical equipment company that uses the direct write-off method of accounting for uncollectible receivables:
Feb. 23. Sold merchandise on account to Dr. Judith Salazar, $41,500. The cost of the merchandise sold was $22,300.
May 10. Received $10,000 from Dr. Judith Salazar and wrote off the remainder owed on the sale of February 23 as uncollectible.
Dec. 2. Reinstated the account of Dr. Judith Salazar that had been written off on
May 10 and received $31,500 cash in full payment.
med max buys surgical supplies from a variety of manufacturers and then resells and delivers these supplies to hundreds
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Prepare bank reconciliation for May. Prepare any journal entries required as a result of the bank reconciliation. Why are they necessary? After the reconciliation journal entries are posted, what balance will be reflected in the Cash account in the l..
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diego company manufactures one product that is sold for 80 per unit in two geographic regions-the east and west
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you purchased land 3 years ago for 55000 and believe its market value is now 105000. you are considering building a
List three positives of self disclosure in communication. List two negatives of self disclosure in communication.
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