Table 7-9
the Following Transactions Occurred During the Month of July

question 87

Essay

Table 7-9
The following transactions occurred during the month of July for Lancer Company. $\begin{array}{llcc} \text {July 1 } &\text {Sold Merchandise on credit for \( \$ 3,100 \) to Chris Co, \( 2 / 10, \mathrm{n} 30 \), Invoice 316 . } \\ \text { 7 } & \text { Sold merchandise on credit to D. James for \( \$ 900,2 / 20 \), n 30 , Invoice 317 . }\\ \text {8 } &\text {Borrowed \( \$ 2,750 \) by giving a note to the bank. }\\ \text {13 } &\text {Owner invested an additional \( \$ 3,500 \) cash into the business. }\\ \text { 18 } &\text { Sold merchandise to \( M \). Garnett for \( \$ 230 \) cash.}\\ \text { 22} &\text { Sold merchandise to \( \mathrm{ABC} \) Co. \( \$ 2,100 \), Invoice \( 318 \mathrm{n} / 30 \). }\\ \text {27 } & \text { Received payment from D. James for the July 7 purchase. }\\ \text {30 } &\text {Paid salaries of \( \$ 1,600 \). }\\\end{array}$


-Refer to Table 7-9. Prepare a schedule for accounts receivable. $$\begin{array}{l}\text { Schedule of A ccounts Receivab le }\\\begin{array} { | l | l | l | } \hline ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~& ~~~~~~~~~~~~&~~~~~~~~~~ \\\hline & & \\\hline & & \\\hline & & \\\hline & & \\\hline & & \\\hline\end{array}\end{array}$$

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Definitions:

Family Membership

The state or status of being part of a family, entailing roles, responsibilities, and a sense of belonging.

Adaptive Capacity

The ability of a system, organization, or individual to adjust to changes, challenges, or stressors effectively.

Functioning Goals

Functioning goals refer to objectives that focus on improving an individual's or group's ability to perform tasks or roles effectively within a given context.

Cumulative Assessment

An evaluation approach that integrates multiple pieces of evidence over time to provide a comprehensive understanding of an individual's performance, progress, or condition.