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Accounts Receivable (beginning balance) - $139,000 Allowance for doubtful accounts (beginning balance) - $11,480 Net Credit Sales - $950,000 Collections - $915,000 Write Offs of
Accounts Receivable (beginning balance) - $139,000
Allowance for doubtful accounts (beginning balance) - $11,480
Net Credit Sales - $950,000
Collections - $915,000
Write Offs of Accounts Receivable - $5,500
Collections of accounts previously written off - $2,200
Uncollectible Accounts are expected to be 6% of the ending balance in accounts receivable.
Attempts: 1 of 8 used (b) Your answer is partially correct. Try again. Prepare the entry to record the write-off of uncollectible accounts during the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Bad Debt Expense 10110 Allowance for Doubtful Accounts 10110 Attempts: 2 of 8 used SAVE FOR LATER SUBA
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