3.5Post the following July transactions to T-accounts for Accounts Receivable, Sales Revenue, and Cash, indicating the ending balance. Assume no beginning balances in these accounts. sold products to customers for cash, $7,500 sold products to customers on account, $12,650 collected cash from customer accounts, $9,500

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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PB14. 

LO 3.5Post the following July transactions to T-accounts for Accounts Receivable, Sales Revenue, and Cash, indicating the ending balance. Assume no beginning balances in these accounts.

  1. sold products to customers for cash, $7,500
  2. sold products to customers on account, $12,650
  3. collected cash from customer accounts, $9,500
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