For each of the three independent situations below, prepare journal entries that summarize the selling and collec- tion activities for the reporting period in order to determine the amount of cash...

Extracted text: For each of the three independent situations below, prepare journal entries that summarize the selling and collec- tion activities for the reporting period in order to determine the amount of cash received from customers and to explain the change in each account shown. All dollars are in millions. Sales Situation Revenue Cash Received from Accounts Receivable Increase (Decrease) Customers 200 -0- 200 200 2 10 (10) ?