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Current Attempt in Progress Pembina Corporation has provided the following T-Accounts that summarize its receivables transactions for the year. Pembina does not expect any goods
Current Attempt in Progress Pembina Corporation has provided the following T-Accounts that summarize its receivables transactions for the year. Pembina does not expect any goods to be returned therefore, there is an estimated return rate of 0%. Accounts Receivable 39.200 3 245.000 4 200,165 735 6 Jan. 1 2 Dec. 31 5 83,300 735 735 4 Allowance for Doubtful Accounts Jan. 1 735 1 Dec. 31 5 1,470 882 1.617 735 Sales 2 245.000 Bad Debts Expense 882 1 Match the transactions numbered 1 through 6 with the descriptions provided below. Sales to customers on account. Adjust allowance for doubtful accounts for the year. Collection of accounts receivable. Write off uncollectible account. > Collection of previously written-off account. Reverse previously written-off account
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