Question
During its first year of operations, Gavin Company had credit sales of $3,162,200; $646,200remained uncollected at year-end. The credit manager estimates that $38,900of these receivables
During its first year of operations, Gavin Company had credit sales of $3,162,200; $646,200remained uncollected at year-end. The credit manager estimates that $38,900of these receivables will become uncollectible.
Prepare the journal entry to record the estimated uncollectibles.(Credit account titles are automatically indented when amount is entered. Do not indent manually.)
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old
7th edition
978-0077632427, 77632427, 78025656, 978-0078025655
