Use the T-account below, to answer the following questions.
a. What journal entry is most likely represented by $4,800,400 in the T-account? What business event caused this?
b. What journal entry is most likely represented by the $3,013,000 in the T-account? What business event caused this?
c. What is the balance of Accounts Receivable on December 31?

Question

Use the T-account below, to answer the following questions.
  a. What journal entry is most likely represented by $4,800,400 in the T-account? What business event caused this?
b. What journal entry is most likely represented by the $3,013,000 in the T-account? What business event caused this?
c. What is the balance of Accounts Receivable on December 31?

Quizplus · Accepted Answer

The Answer of Use the T-account below, to answer the following questions.
  a. What journal entry is most likely represented by $4,800,400 in the T-account? What business event caused this?
b. What journal entry is most likely represented by the $3,013,000 in the T-account? What business event caused this?
c. What is the balance of Accounts Receivable on December 31?

Use the T-Account Below, to Answer the Following Questions