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Find and prepare journal entries for april

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Reference no: EM132647666

Problem 1: A business maintains subsidiary accounts for each of its customers. On April 7, the business provides $2,500 in services to Anne Hill on account. The business sells $4,000 (sales price) of merchandise inventory to Ron Wilson on account. The full amount was collected from each customer on April 26. Prepare the journal entries for April 7 and April 26. Ignore Cost of Goods Sold and omit explanations.

Reference no: EM132647666

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