Cosmo Company reported credit sales of $345,000 for the calendar year in its first year...

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Accounting

Cosmo Company reported credit sales of $345,000 for the calendar year in its first year of operations. At December 31, customers buying on credit owed $35,000 to the company. Based on the experience of similar businesses, management, estimates that $3,500 of its accounts receivable will be
Note: Enter debits before credits.
Date
General Journal
Debit
Credit
image

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