On January 1, Wolfie's Supply Sold $222 Worth of Goods

question 89

Essay

On January 1, Wolfie's Supply sold $222 worth of goods to customer Abe Smith on account. On January 12, Wolfie's collected the amount from the customer. Please record the journal entry for the cash collection.

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Definitions:

Inflammatory Response

Tissue response to injury that is characterized by redness, swelling, pain, and heat.

Inflammation

The body’s immune response to infection or injury, characterized by redness, heat, swelling, and pain.

Receptor Molecules

Molecules on the surface of or within cells that bind to specific substances and trigger a specific cellular response.

Plasma Cells

A type of white blood cell that produces antibodies in response to an infection, thus playing a crucial role in the immune response.