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Assume Guragai Inc. started the operation in January 2 0 2 3 . During the year, Guragai Inc. sold $ 5 0 0 , 0

Assume Guragai Inc. started the operation in January 2023. During the year, Guragai Inc. sold $500,000 goods in cash and $250,000 goods on credit. Collection of accounts receivable during the year is $100,000. Guragai Inc. also wrote off $10,000 accounts receivable during 2023. What is the entry for write Write-off A/R of 10.000.

  

What is the ending balance in Accounts Receivable (gross amount) for the fiscal year 2023

What is the net Account Receivables at the end of 2023, assuming adjusted ending balance of allowance for doubtful accounts is $25,500?

 What is the journal entry for reinstatement and collection of this $2000?



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