The September 30, 2020, records of Synetics Computers show: At year-end, Synetics ages its receivables and adjusts

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The September 30, 2020, records of Synetics Computers show:image text in transcribed

At year-end, Synetics ages its receivables and adjusts the balance in Allowance for Uncollectible Accounts to correspond to the aging schedule. During the last quarter of 2020, Synetics completed the following selected transactions:image text in transcribed

{Requirements}
1. Record the transactions in the journal. Explanations are not required.
2. Prepare a T-account for Accounts Receivable and the Allowance for Uncollectible Accounts, and post to those accounts.
3. Show how Synetics Computers would report its accounts receivable in a comparative balance sheet for 2019 and 2020. At December 31, 2019, the company's Accounts Receivable balance was \(\$ 111,000\) and the Allowance for Uncollectible Accounts stood at \(\$ 3,700\)

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Financial Accounting

ISBN: 9780135433065

7th Canadian Edition

Authors: Walter Harrison, Wendy Tietz, C. Thomas, Greg Berberich, Catherine Seguin

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