If a company makes three entries into the revenue journal for cash received from customers paying on
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Question:
If a company makes three entries into the revenue journal for cash received from customers paying on account of $500, $750, and $1,000 during the month, and during the same month has to refund $50 due to a customer overpaying, what is the balance of the cash receipts journal at the end of the month?
a.$2,200
b.$500
c.$750
d.$2,250
Related Book For
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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