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Business, 06.06.2020 20:59 ChristLover2863

Consider the three independent situations below (amounts are $ in millions): Situation Sale Revune Accounts receivable increase (Decrease) Cash received from Customer
1 200 0
2 200 30
3 200 30

Required:
a. Calculate cash paid to suppliers.
b. Prepare the summary journal entry for each situation.

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