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3) IN 2019 DEAN ASSOCIATES RECORDS RECORDS BAD DEBT USING THE ALLOWANCE BALANCE SHEET METHODDEAN RECORDED $245,000 IN ACCOUNTS RECEIVABLE AND 545,000 IN CREDIT SALES.
3) IN 2019 DEAN ASSOCIATES RECORDS RECORDS BAD DEBT USING THE ALLOWANCE BALANCE SHEET METHODDEAN RECORDED $245,000 IN ACCOUNTS RECEIVABLE AND 545,000 IN CREDIT SALES. THE UNCOLLECTIBLE PERCENT IS 6.45 PERCENT. ON NOVEMBER 18TH DEAN IDENTIFIES AN UNCOLLECTIBLE ACCOUNT OF 4,500 FOR MARTINEZ. ON DEC 31ST MARTINEZ UNEXPECTEDLY PAYS THE AMOUNT(25 POINTS) RECORD THE JOURNAL ENTRIES FOR THE FOLLOWING YEAR END ADJUSTING ENTRY FOR 2019 BAD DEBT ENTRY ON NOVEMBER 18TH TO WRITE OFF BAD DEBT DEC 31ST ENTRIES TO PROPERLY RECORD THE PAYMENT BY MARTINEZ 
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Audit Of The Federal Bureau Of Investigation Annual Financial Statements Fiscal Year 2015
Authors: Office Of The Inspector G Eneral, U.S. Department Of Justice
1st Edition
1530341264, 978-1530341269
