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5. Company ABC sold merchandise to a customer who paid with a Visa credit card. The sale totaled $4800. Visa charges a 4% fee. 6.
5. Company ABC sold merchandise to a customer who paid with a Visa credit card. The sale totaled $4800. Visa charges a 4% fee. 6. Company XLS has receivables totaling $780,000. They use an Aging of Receivables Report to estimate what wi be uncollectible. a. Complete the Aging of Receivables Report to determine uncollectible amount. Record the transaction. 7. On November 1, Baylee Company sold merchandise to a customer who signed a 3.75\%, 9 - month note; Total merchandise sold: $14,000. Record the following: a. November 1 sale b. Accrued interest as of December 31 c. Retirement of the note on July 31 I. Journalize each economic event below: 1. Company XYZ has credit sales of $1,500,000. They estimate that 15% will be uncollectible. 2. Company XYZ decided that the following accounts are uncollectible: A/R Jamie Moyer, $1600;A/RDavid Wright, \$2500; A/R - Carlos Beltran, \$5000. 3. Carlos Beltran and David Wright paid amounts owed to XYZ
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