Accounts Receivable Homework

Carter Company Began Business on January $1,2024.$

Record the three entries to account for the uncollectible Accounts Receivable.

$12-31-24$: Charter Company has credit sales of $$500,000.$ It is estimated that $5\%$ of these credit sales will be uncollectible.

$4-15-25$: The River Company Accounts Receivable for $$35,000$ was written off. The River Company accounts receivable was outstanding on $12-31-24.$

$12-31-25$ Charter Company has credit sales of $$900,000.$ It is estimated that $5\%$ of these credit sales will be uncollectible.