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Assume the following information for Tamarisk Corp. Accounts receivable (beginning balance) Allowance for doubtful accounts (beginning balance) Net credit sales Collections Write-offs of accounts receivable
Assume the following information for Tamarisk Corp. Accounts receivable (beginning balance) Allowance for doubtful accounts (beginning balance) Net credit sales Collections Write-offs of accounts receivable Collections of accounts previously written off Account Titles and Explanation (To record sales on account) $151,000 (To record collection of accounts receivable) 11,500 eTextbook and Media 950,000 Uncollectible accounts are expected to be 8% of the ending balance in accounts receivable. 907,000 Prepare the entries to record sales and collections during the period. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) 5,600 1,600 Debit Credit Prepare the entry to record the write-off of uncollectible accounts during the period. (List debit entry before credit entry. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entr " for the cccount tittes and enter 0 for the amounts.) Prepare the entries to record the recovery of the uncollectible account during the period. (Lst ail debit entries before credit entries. Credit occount titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter ofor the amounts.) Assume the following information for Tamarisk Corp. Uncollectible accounts are expected to be 8% of the ending balance in accounts receivable. Prepare the entries to record sales and collections during the period. (List all debit entries before credit entries. Credit occount titles are autamatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount tites and enter o for the amounts: Determine the ending balance in Accounts Receivable and the unadjusted balance in Allowance for Doubtful Accounts. Ending balance in Accounts Receivable Unadjusted balance in Allowance for Doubtful Accounts eTextbook and Media List of Accounts Prepare the entry to record bad debt expense for the period. (List debit entry before credit entry. Credit account tities are outomatically indented when the amount is entered. Do not indent manually. If no entry is required, select " No Entry" for the account titles and enter ofor the amounts.) eTextbook and Media List of Accounts Determine the ending (adjusted) balance in Allowance for Doubtful Accounts. Ending (adjusted) balance in Allowance for Doubtful Accounts
Assume the following information for Tamarisk Corp. Accounts receivable (beginning balance) Allowance for doubtful accounts (beginning balance) Net credit sales Collections Write-offs of accounts receivable Collections of accounts previously written off Account Titles and Explanation (To record sales on account) $151,000 (To record collection of accounts receivable) 11,500 eTextbook and Media 950,000 Uncollectible accounts are expected to be 8% of the ending balance in accounts receivable. 907,000 Prepare the entries to record sales and collections during the period. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) 5,600 1,600 Debit Credit
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