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can you do it fast thank you Wonderland Corp. summarized its accounts receivable activity in the following two T-accounts. 2 (Click the icon to view
can you do it fast thank you
Wonderland Corp. summarized its accounts receivable activity in the following two T-accounts. 2 (Click the icon to view the T-accounts.) Required Analyze the information presented in the T-accounts, and identify the amount related to each of the following: a. Credit sales during the period. b. Collection of credit sales during the period c. Write-off of a delinquent account d. Recovery of an account previously written-off e. Adjusting entry to estimate bad debts. T-accounts - X Accounts Receivable Dec 31, 2019 Bal 410.000 92,000 380.000 650 6,000 Allowance for Doubtful Accounts 6,000 7.200 Dec 31, 2019 Bal 650 5,550 7,400 Dec 31, 2020 Bat 650 Dec 31, 2020 Bal 56,000 Print Done a. Credit sales during the period were $. b. Collection of credit sales during the period were $ c. Write-off of a delinquent account was $ d. Recovery of an account previously written-off was $ $) e. Adjusting entry to estimate bad debts was $ Step by Step Solution
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