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Dec. 31/19 Balance Dec. 31/20 Balance Accounts Receivable 87,000 510,000 547,000 3,970 300 46,030 300 Allowance for Doubtful Accounts 2,880 Dec. 31/19 Balance 3,970 300
Dec. 31/19 Balance Dec. 31/20 Balance Accounts Receivable 87,000 510,000 547,000 3,970 300 46,030 300 Allowance for Doubtful Accounts 2,880 Dec. 31/19 Balance 3,970 300 3,500 2,710 Dec. 31/20 Balance Required: Analyzing the information presented in the T-accounts above, identify the dollar value related to each of the following: a. Credit sales during the period. b. Collection of credit sales made during the period. c. Write-off of an uncollectible account. d. Recovery of the account previously written off. e. The adjusting entry to estimate bad debts. a. Credit sales during the period. b. Collection of credit sales made during the period. c. Write-off of an uncollectible account. d. Recovery of the account previously written off. e. The adjusting entry to estimate bad debts. Dollar value
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