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At the beginning of May, Sweetwater Limited, which records adjusting entries at the end of each month, had an Accounts Receivable amount of $ 3
At the beginning of May, Sweetwater Limited, which records adjusting entries at the end of each month, had an Accounts Receivable
amount of $ and an Allowance for Doubtful Accounts balance of $ During May, 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 bad debts expense at the end of the month. No accounts that were written off during the month were
subsequently recovered. At the end of May, after all journal entries had been recorded and posted, the balance in Accounts Receivable
was $ while Allowance for Doubtful Accounts had a balance of $
a
Prepare T accounts for Accounts Receivable and Allowance for Doubtful Accounts. Post the above transactions and determine
the missing amounts for the write off of uncollectible receivables and bad debts expense.
Accounts Receivable
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