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Chapter 8, HO Question 8 of 10 < > View Policies Current Attempt in Progress Assume the following information for Teal Mountain Corp Accounts receivable
Chapter 8, HO Question 8 of 10 < > View Policies Current Attempt in Progress Assume the following information for Teal Mountain Corp Accounts receivable (beginning balance) $143,000 Allowance for doubtful accounts (beginning balance) 11.340 Net credit sales 930,000 Collections 912.000 Write-offs of accounts receivable 6,400 Collections of accounts previously written off 2.200 Uncollectible accounts are expected to be 6% of the ending balance in accounts receivable. fal -/10 (a) Prepare the entries to record sales and collections during the period. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts) Account Titles and Explanation Debit Credit (To record sales on account) (To record collection of accounts receivable)
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