A business maintains subsidiary accounts for each of its customers.On April 7,the business provides $2,500 in services to Anne Hill on account.The business sells $4,000 (sales price)of merchandise inventory to Ron Wilson on account.
The full amount was collected from each customer on April 26.
Prepare the journal entries for April 7 and April 26.Ignore Cost of Goods Sold and omit explanations.
Definitions:
Family Support
Emotional, informational, or financial assistance provided by family members to one another, especially during times of illness or challenges.
Jean Watson's Theory
A nursing theory focused on human caring and the interpersonal aspects of nursing, emphasizing the importance of nurse-patient relationships.
Spiritual Awareness
The recognition and acknowledgement of a deeper sense of meaning or connectedness beyond the physical or personal self.
Energy Forces
Conceptual powers believed to influence or control aspects of the physical or spiritual world, often discussed in the context of alternative medicine or metaphysics.
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