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Objective : Record (journalize and post) transactions in the books.

Bush Consulting performed service for a client who could not pay immediately. Bush expected to collect the $3,900 the following month. A month later, Bush received $2,000 cash from the client.

1. Record the two transactions on the books of Bush Consulting. Include an explanation for each transaction.

2. Post to these T-accounts: Cash, Accounts Receivable, and Service Revenue. Compute each account balance and denote it as Bal.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92066743

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