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Cullumber Company reported the following information in its general ledger at December 31 All sales were on account. At the end of the year, uncollectible
Cullumber 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. Using your knowledge of receivables transactions, determine the missing amounts. Ignore any inventory, cost of goods sold, and refund liabilities for the purposes of this question. (Hint: You may find it helpful to reconstruct the journal entries.) Accounts Receivable 15,000 Beg bal. 35,600 (a) (b) End. bal. (c) Sale 45.900 Allowance for Doubtful Accounts 1,089 Beg bal 600 End. bal. (e) Bad Debt Expense (d) e Textbook and Media List of Accounts Prepare the summary journal entries for Cullumber Company. (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 for the amounts) Debit Credit Account Titles and Explanation (To record sales on account for the year.) JULIO TROUBY Account Titles and Explanation Debit Credit (To record sales on account for the year.) (To record write off of accounts receivable.) (To record estimate of uncollectible accounts.) What is the amount of cash collected? Cash collected $
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