Listed here are selected aggregate transactions for ModernStyle Furniture Company from the rst quarter of...
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Accounting
Listed here are selected aggregate transactions for ModernStyle Furniture Company from the rst quarter of a recent year {dollars in millions}. a. Recorded collections of cash from customers owed on open account of $40.8. b. Repaid $5.6 in principal on line of credit with a bank with principal payable within one year. Complete the following table by entering the amount of the effect of each transaction. Consider each item independently. Note: Enter your answers in millions rounded to 1 decimal place li.e., 5,500,000 should be entered as 5.51. Enter negative amounts with a minus sign
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