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7 January, 08:19

Adidea Corp. received $4,000 cash for merchandise sold, $1,200 cash for an accounts receivable payment, and $500 cash for a loan payment. How would the company record these transactions in its cash receipt journal?

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  1. 7 January, 10:30
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    Cash Dr 5700

    To sales revenue 4000

    To accounts receivable 1200

    To loan payable 500
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