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c) Your Co. had sales of $66000, an ending A/R balance of $8580, and a cr. balance of $257.4 in the allowance account. Record the

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c) Your Co. had sales of $66000, an ending A/R balance of $8580, and a cr. balance of $257.4 in the allowance account. Record the adjusting entry if 14% of sales are uncollectible. General Journal Date Account/Explanation PR Debit Credit Dec 311 Acone bac'deb-14% salesi What entry is required if F Co. goes bankrupt next year owing Your Co. $184.8? General Journal Date Account/Explanation Debit Credit Mar 12 PR (Write off account) d) Your Co. had sales of $90000, an ending A/R balance of $13500, and a dr. balance of $67.5 in the allowance account. Record the adjusting entry if 7% of AIR are uncollectible. General Journal Date Account/Explanation PR Debit Credit Dec 31 (Acurve bad debes - X+4.37) What entry is required if BCo goes bankrupt next year owing Your Co. $202.5? General Journal Date Account/Explanation PR Debit Credit May 6 (Write off account)

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