Could you assist with the amount for the adjusting entry Details On December 1, Lynch Incorporated sold $19,000 of merchandise with terms 2 10, n EOM On December 11, collections were made on sales originally billed for $10,000, and on December 31, additional collections on sales originally billed for $8,000 were received Required 1 Prepare the journal entries to record the sale, collections, and any required year end adjustments assuming that Lynch records accounts receivable and sales at (a) the gross price and (b) the net price Required 1 Prepare the journal entries to record the sale, collections, and any required year end adjustments assuming that Lynch records accounts receivable and sales at (a) the gross price and (b) the net price General Journal Shaded cells have feedback General Journal Instructions Required 1 Prepare the journal entries to record the sale, collections, and any required year end adjustments assuming that Lynch records accounts receivable and sales at (a) the gross price and (b) the net price

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Question: Could you assist with the amount for the adjusting entry? Details - On December 1, Lynch Incorporated sold $19,000 of merchandise with terms 2/10, n/EOM.

Could you assist with the amount for the adjusting entry? Details - On December 1, Lynch Incorporated sold $19,000 of merchandise with terms 2/10, n/EOM. On December 11, collections were made on sales originally billed for $10,000, and on December 31, additional collections on sales originally billed for $8,000 were received. Could you assist with the amount for the adjusting entry? Details - On December 1, Lynch Incorporated sold $19,000 of merchandise with terms 2/10,

	Required:
1.	Prepare the journal entries to record the sale, collections, and any required year-end adjustments assuming that Lynch records accounts receivable and sales at (a) the gross price and (b) the net price.

Required: 1. Prepare the journal entries to record the sale, collections, and any required year-end adjustments assuming that Lynch records accounts receivable and sales at (a) the gross price and (b) the net price. General Journal Shaded cells have feedback General Journal Instructions Required: 1. Prepare the journal entries to record the sale, collections, and any required year-end adjustments assuming that Lynch records accounts receivable and sales at (a) the gross price and (b) the net price

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