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Chelsea Company reported the following information in its general ledger at December 31. All sales were on account. At the end of the year, uncollectible
Chelsea Company reported the following information in its general ledger at December 31. All sales were on account. At the end of the year, uncollectible accounts were estimated to be 10% of accounts receivable. (a) Using your knowledge of receivables transactions, determine the missing amounts. (Hint: You may find it helpful to reconstruct the journal entries.) MacBook Air 4 80 F3 FA F5 F6 F7 DIl FB F9 @ 2 # 3 $ 4 % 6 & 7 * 9 W E R T Y U D F G H J K N M < Accounts Receivable Beg. bal. 15,000 35,200 (a) (b) End. bal. (c) Sales 45,000
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