Homework Answers
13. Debit Accounts receivables for $80,000.
Explanation: Accounts receivables = 100000*(1-0.20) = $80,000
Option c. is correct answer.
14.
| Account | Debit | Credit |
| Cash | $15,000 | |
| Accounts receivables | $15,000 |
Option b. is correct answer.
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