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10 points 5 journal entries PROBLEM FOUR-ALLOWANCE METHOD GENERAL JOURNAL ACCOUNT TITLE DATE Heyward Company uses the allowance method for estimating uncollectible accounts. Prepare the
10 points 5 journal entries PROBLEM FOUR-ALLOWANCE METHOD GENERAL JOURNAL ACCOUNT TITLE DATE Heyward Company uses the allowance method for estimating uncollectible accounts. Prepare the journal entries to record the following transactions: $400 terms n/15. 1-Sep Sold merchandise to retail customer for 100 5-Sep Received payment from this customer for $ $ 00 1-Oct Wrote off as uncollectible the balance of this customer's account. (customer had declared bankruptcy) $150 20-Oct Unexpectedly received a check from this customer for 4 5 16 DROBLEMEIVEL ESTIMATING LINCOL 17 10 points 18 10 DROBLEMA FIVE ESTIMATING LINCOLLECTIBLE ACCOUNTS Sheet1 Sheet2 Sheet3
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