Exercise 21-4 (Algo) Summary entries for cash received from customers [LO21-3] For each of the three independent situations determine the amount of cash received from the customers and prepare journal entries that summarize the selling and collection activities for the reporting period. All dollars are in millions. Complete this question by entering your answers in the tabs below. Cash Recd from Cust General Journal Determine the amount of cash received from the customers. (Enter your answers in millions (ie., 10,000,000 should be entered as 10).) Sales Situation Revenue 1 155 2 155 3 155 Accounts Receivable Cash Received from Increase (Decrease) 19 (19) Customers
Exercise 21-4 (Algo) Summary entries for cash received from customers [LO21-3] For each of the three independent situations determine the amount of cash received from the customers and prepare journal entries that summarize the selling and collection activities for the reporting period. All dollars are in millions. Complete this question by entering your answers in the tabs below. Cash Recd from Cust General Journal Determine the amount of cash received from the customers. (Enter your answers in millions (ie., 10,000,000 should be entered as 10).) Sales Situation Revenue 1 155 2 155 3 155 Accounts Receivable Cash Received from Increase (Decrease) 19 (19) Customers
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Exercise 21-4 (Algo) Summary entries for cash received from customers [LO21-3]
For each of the three independent situations determine the amount of cash received from the customers and prepare journal entries
that summarize the selling and collection activities for the reporting period. All dollars are in millions.
Complete this question by entering your answers in the tabs below.
Cash Recd
from Cust
General
Journal
Determine the amount of cash received from the customers. (Enter your answers in millions (i.e., 10,000,000 should be
entered as 10).)
Sales
Revenue
Situation
1
155
2
155
3
155
Accounts Receivable Cash Received from
Increase (Decrease)
Customers
0
19
(19)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F26896d90-e3b6-40e5-bfb2-a0d89158a65a%2F5cfecb18-da13-4449-a124-a55b208ce02a%2Febqh8t_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Exercise 21-4 (Algo) Summary entries for cash received from customers [LO21-3]
For each of the three independent situations determine the amount of cash received from the customers and prepare journal entries
that summarize the selling and collection activities for the reporting period. All dollars are in millions.
Complete this question by entering your answers in the tabs below.
Cash Recd
from Cust
General
Journal
Determine the amount of cash received from the customers. (Enter your answers in millions (i.e., 10,000,000 should be
entered as 10).)
Sales
Revenue
Situation
1
155
2
155
3
155
Accounts Receivable Cash Received from
Increase (Decrease)
Customers
0
19
(19)
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