Chandler manufactures surgical gloves. Upon receiving an order from a hospital for supplying them with...
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Accounting
Chandler manufactures surgical gloves. Upon receiving an order from a hospital for supplying them with their requirements for three years ending on 24st July 2021 for total value of 18,000, she raised an invoice for 18000 and has accounted for it by crediting sales account and debiting Receivables account on 26th August 2019. For preparing the financial statement in respect of the year ended 24 July 2020 the adjusting entries required are (FY19 Books were closed and there was no error in FY19 Financials)
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