Use the T-account below, to answer the following questions.
A. What journal entry is most likely represented by $ 3,600,400 in the T-account? What business event caused this?
B. What journal entry is most likely represented by the $2,812,000 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 $ 3,600,400 in the T-account? What business event caused this?
B. What journal entry is most likely represented by the $2,812,000 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 $ 3,600,400 in the T-account? What business event caused this?
B. What journal entry is most likely represented by the $2,812,000 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