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Comprehensive ADA - 2020 Tranasactions During 2020 Tiger King and Friends, Inc had the following transactions: 5. $500,000 in credit sales 6. Collected $480,000 from
Comprehensive ADA - 2020 Tranasactions During 2020 Tiger King and Friends, Inc had the following transactions: 5. $500,000 in credit sales 6. Collected $480,000 from AR customers 7. Received $800 of the amount lised in "3" above (during 2019) from the bankruptcy settlement of C.Baskn Company 8. Wrote off a $3,000 receivable from 1.Heart. Tigers Co, who went into bankruptcy. 9. At 12/31/20 Tiger King and Friends, Inc estimated 7% of its ending AR will be uncollectable. Determine at 12/31/2020: Accounts Receivable Allowance for Doubtful Accounts Bad Debt Expense Sales Bad Debt Exp CASH Accounts Receivable Allowance for Doubtful Accounts F Comprehensive ADA - 2020 Tranasactions During 2020 Tiger King and Friends, Inc had the following transactions: 5. $500,000 in credit sales 6. Collected $480,000 from AR customers 7. Received $800 of the amount lised in "3" above (during 2019) from the bankruptcy settlement of C.Baskn Company 8. Wrote off a $3,000 receivable from 1.Heart. Tigers Co, who went into bankruptcy. 9. At 12/31/20 Tiger King and Friends, Inc estimated 7% of its ending AR will be uncollectable. Determine at 12/31/2020: Accounts Receivable Allowance for Doubtful Accounts Bad Debt Expense Sales Bad Debt Exp CASH Accounts Receivable Allowance for Doubtful Accounts F
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