Question
4. At the end of the current year, Accounts Receivable has a balance of Rp. 685,000,000, Allowance for Accounts Receivable Uncollectibles has a credit balance
4. At the end of the current year, Accounts Receivable has a balance of Rp. 685,000,000, Allowance for Accounts Receivable Uncollectibles has a credit balance of IDR 9,000,000, and net sales for the year amounting to IDR 7,400,000,000. Using the age of accounts receivable method, the balance of the allowance for receivables uncollectible is IDR 50,000,000 Requested: Calculate: a. Total adjusting entries for Doubtful Accounts b. Adjusted balance (after adjusting entries) for Accounts Receivable, Allowance for Accounts Receivable Uncollectible, and Uncollectible Accounts Expense. c. Net realizable value of Accounts Receivable.
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