Journal entries if the following line items are given as adjustment in balance sheet and p l a/c Fire accident of inventory Case 1. No insurance coverage Case 2.partly insurance coverage Case 3. Fully insurance coverage
5 7361Q) Create Preffered customer: As a customer when i purchase more than $5000 in goods since my first purchase, I become a preffered customer so that i can receive the benefits associated with that status.
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