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Drowser + Webcam A trial balance at December 31, 2020 before adjustment included the following Debit Credit Accounts receivable $65,000 Allowance for doubtful accounts $250
Drowser + Webcam A trial balance at December 31, 2020 before adjustment included the following Debit Credit Accounts receivable $65,000 Allowance for doubtful accounts $250 Sales $486,000 Sales returns and allowances 4,250 Required: a) Give journal entry assuming that the estimate of uncollectibles is determined by taking of net accounts receivable at December 31, 2020. (5 Marks) b) What is the Net Realizable Value of receivables at December 31, 2020 after adjustments? (3 marks) c) Prepare the journal entry to record the customer account of $1,000 was written off in February 2020 (2 Marks) d) In December 2020 the company has collected $850 of the account that previously written off in part c above Record the necessary joumal entry (entries) (4 marks) 2% a > Format B . Font Famil Font Size 2 %E a) X Bad Deept Expense 1300
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