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:
Rogers
An influential American psychologist who founded the client-centered approach to psychotherapy, emphasizing empathy and unconditional positive regard.
Albert Ellis
A psychologist known for developing Rational Emotive Behavior Therapy (REBT), a form of cognitive-behavioral therapy focusing on changing irrational beliefs.
Term Paper
A research paper written by students over an academic term, accounting for a large part of a grade, and usually discussing a topic in detail.
Phobic Disorders
Mental health conditions characterized by excessive and irrational fear of specific objects, situations, or activities leading to avoidance behavior.
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