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balance sheet Unda Font Alignment Number Styles Ceils N44 Clipboard 1 X fx B D G H 24 25 10) 26 Sales for the month
balance sheet
Unda Font Alignment Number Styles Ceils N44 Clipboard 1 X fx B D G H 24 25 10) 26 Sales for the month are shown below: 27 28 29 30 Sales 1 Sales 2 Sales 3 Sales 4 Sales 5 $ $ $ $ $ $ 1,354 25% of sale was on credit 4,856 30% of sale was on credit 5,697 45% of sale was on credit 3,529 50% of sale was on credit 1,598 55% of sale was on credit 17,034 credit sale 338.50 $ 1,456.80 2,563.65 $ 1,764.50 $ 878.90 $ 7,002.35 31 32 33 34 35 36 37 38 a) Prepare your financial statements using the above information. b) Under the allowance method you determine that 5% of your ending account receivables will be uncollectible. Adjust your financia Balance Sheet 14 B D G H a) Prepare your financial statements using the above information. b) Under the allowance method you determine that 5% of your ending account receivables will be uncollectible. Adjust your financ Balance Sheet Assets Liabilities Equity End R/E Cao -14 A A 2 19- BIU-- $ -%% *] O-A- Z Sort & Find Filter Select Formatas Table cellStyles Says Delete- El Fomat Analyse Data An Font Alig Number Editing 1 x To G H M N e information 5% of your ending account receivables will be uncollectible Adjust your financial statements to reflect. sance Sheet Stmt of R/E Income Stmt 17,034.00 sales Liabilities $ Equity End R/E Net Income $ (7,002.35) credit sales 10,031.65 Net Income Pg 1 Pg 2 Pg3 Pg 4 Step by Step Solution
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