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In the future when management looks at J

In the future when management looks at J - you post the...

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In the future when management looks at J. Smith's payment history, the account's activity will show  the eventual collection of the amount owed. If you use the general journal for the entry shown in the immediately previous cash receipts journal, 
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Unformatted text preview: you post the entry directly to cash and accounts receivable in the general ledger and also to J. Smith's account in the accounts receivable subsidiary ledger....
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