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At December 31, 2019, Bramble Medical reported the following information on its statement of financial position. Accounts receivable R$966,600 Less: Allowance for doubtful accounts 78,300
At December 31, 2019, Bramble Medical reported the following information on its statement of financial position. Accounts receivable R$966,600 Less: Allowance for doubtful accounts 78,300 During 2020, the company had the following transactions related to receivables. 1. R$3,719,600 51,700 2. 3. Sales on account Sales returns and allowances Collections of accounts receivable Write-offs of accounts receivable deemed uncollectible Recovery of bad debts previously written off as uncollectible 2,800,700 . 4. 89,500 5. 27,100 Prepare the journal entries to record each of these five transactions. Assume that no cash discounts were taken on the collections of accounts receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5. (To reverse account previously written off.) (To record the collection of accounts receivable.) nder File Edit View Ga Window Help Enter the January 1, 2020, balances in Accounts Receivable and Allowance for Doubtful Accounts, post the entries to the two accounts (use T-accounts), and determine the balances. (Post entries in the order of journal entries presented in the previous part.) Accounts Receivable
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