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5. Mandy Andy Inc. has the following balances. Accounts receivable Allowance for doubtful accounts Net Credit Sales $ 89,000 $1,950 (Credit Balance) $ 342,000 a
5. Mandy Andy Inc. has the following balances. Accounts receivable Allowance for doubtful accounts Net Credit Sales $ 89,000 $1,950 (Credit Balance) $ 342,000 a if the company estimates that 4% of its sales will be uncollectible, what would the journal entry look like? (6 points) b. What is the net realizable value for letter a? (3 points) I If the company estimates that 12% of its accounts receivable will be uncollectible, what would the journal entry look like? (6 points) d. What is the net realizable value for letter c? (3 points)
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