Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
QUESTION
Create JE for the following:
Create JE for the following:(1)Collected cash of $47,000 from the $60,000 receivable on account; the remaining $13,000 is expected to be collected later AND(2)Paid cash of $55,000 on the $130,000 payable on account; the remaining $75,000 is expected to be paid later
