Question
Current Attempt in Progress Assume the following information for Kingbird Corp. Accounts receivable (beginning balance) $135,000 Allowance for doubtful accounts (beginning balance) 11,300 Net
Current Attempt in Progress Assume the following information for Kingbird Corp. Accounts receivable (beginning balance) $135,000 Allowance for doubtful accounts (beginning balance) 11,300 Net credit sales 930,000 Collections 900,000 Write-offs of accounts receivable 5,000 Collections of accounts previously written off 1,600 Uncollectible accounts are expected to be 6% of the ending balance in accounts receivable. (b) Prepare the entry to record the write-off of uncollectible accounts during the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit
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