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5 On November 10 of the current year, Flores Mills provides service to the correct payment on November 17. How would Flores record the collection
5 On November 10 of the current year, Flores Mills provides service to the correct payment on November 17. How would Flores record the collection of cash on November 17? Cash 7840 Accounts Receivable 7,840 0/03 BCash 7840 Sales Discounts 160 Scored Accounts Receivable 8.000 Cash 7840 Sales Revenue 160 Accounts Receivable 8,000 Okash 8,000 Accounts Receivable 8,000 7 At the end of 2021, Murray Company had a balance in its Allowance for Uncollectible Accounts of $4,500 (credit) before any adjustment. The company estimated its future uncollectible accounts to be $12,000 using the percentage-of-receivables method. Murray Company's year- end adjustment to Allowance for Uncollectible Accounts on December 31, 2021 included a 0/08 points awarded Scored Multiple Choice Debit to Bad Debt Expense of $12,000. Credit to Allowance for Uncollectible Accounts of $12,000 Credit to Bad Debt Expense of $7,500 9 A trade discount results in 0/0.8 points awarded Scored Multiple Choice Customers delaying cash payment Revenue being recorded for the discounted price. A contra revenue account being recorded. A contrs met heinn recorder
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