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Current Attempt in Progress Crane Company reported the following information in its general ledger at December 31. All sales were on account. At the
Current Attempt in Progress Crane 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 11% 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 Beg. bal. 15,700 37,200 (a) 47,900 (b) 700 End. bal. (c) 27900 Sale Allowance for Doubtful Accounts Beg. bal. 700 47,900 1,024 (d)
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