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At the beginning of August, Walla Walla Limited, which records adjusting entries at the end of each month, had an Accounts Receivable amount of $
At the beginning of August, Walla Walla Limited, which records adjusting entries at the end of each month, had an Accounts Receivable amount of $ wnd an Allowance for Expected Credit Losses balance of $ During August, the company had credit sales of $ and collected $ from customers. It also wrote off a certain amount of uncollectible receivables during the month and recorded a certain amount of credit losses at the end of the month. No accounts that were written off during the mont were subsequently recovered. At the end of August, after all journal entries had been recorded and posted, the balance in Accounts Receivable was $ while Allowance for Expected Credit Losses had a balance of $
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Prepare T accounts for Accounts Receivable and Allowance for Expected Credit Losses. Post the above transactions and determine the missing amounts for the write off of uncollectible receivables and credit losses. Post entries in the order displayed in the problem statement.
Accounts Receivable
August Balance
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