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Answer fast and i will upvote if you do not answer both then i will have to dis like this answer. This is technically a
Answer fast and i will upvote if you do not answer both then i will have to dis like this answer. This is technically a 2 part question
Question 13 (3 points) Use the following information for item 13 and 14 for the Golden Rams Company. The following balances were taken from the trial balance of Golden Rams at December 31, 2020. Sales Revenue $500,000 (credit) Sales Returns and Allowance 10,000 (debit) Accounts Receivable 80,000 (debit) Allowance for Doubtful Accounts 1,000 (credit) If the estimate of uncollectible is made by taking 10% of gross account receivable, what is the amount of the adjustment under the Allowance Method? $9,000 $6,000 $8,000 $7,000. Question 14 (3 points) Use the following information for item 13 and 14 for the Golden Rams Company. The following balances were taken from the trial balance of Golden Rams at December 31, 2020 Sales Revenue $500,000 (credit) Sales Returns and Allowance 10,000 (debit) Accounts Receivable 80,000 (debit) Allowance for Doubtful Accounts 1.000 (credit) Under item 13 above, if the Allowance of Doubtful Accounts had a debit balance of $1,000 at December 31, what is the amount of the adjustment under the Allowance Method? $8,000 8 $7.000 $6,000 21 $9.000 Question 15 (2 points) Valuation of inventories requires the deten Step by Step Solution
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