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Assignment 8 - Ch 8 ( i ) Outdoor Equipment ( OE ) sells camping equipment. On December 1 , the accounts receivable account had

Assignment 8- Ch 8(i)
Outdoor Equipment (OE) sells camping equipment. On December 1, the accounts receivable account had a balance of $51,700, the bad debt expense account had a balance of $0, and the allowance for doubtful accounts had a credit balance of $5,170. Journalize the remaining journal entries for the 2023 year.
Dec. 2 Sold tents for $5,340 on account with a cost of $2,670.
30 Determined that the total accounts of Rocky Co. with an accounts receivable balance of points
20 $1,370 and Grouse C0. with an accounts receivable balance of $2,670 were uncollectible and needed to be written off.
23 Unexpectedly received payment from Grouse Co. for $2,670.
31 Estimated that 10% of accounts receivable recorded to date would be uncollectible.
Print
Required:
Prepare journal entries to record the transactions. Note: Write-off of uncollectible accounts for Rocky Co. and Grouse Co. should be
References
posted separately.
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