Question
During its first year of operations,CraneCompany had credit sales of $3,064,300; $655,000remained uncollected at year-end. The credit manager estimates that $36,900of these receivables will become
During its first year of operations,CraneCompany had credit sales of $3,064,300; $655,000remained uncollected at year-end. The credit manager estimates that $36,900of 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.)
Account Titles and Explanation Debit Credit
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Horngrens Financial And Managerial Accounting The Financial Chapters
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
6th Edition
978-0134486840, 134486838, 134486854, 134486846, 9780134486833, 978-0134486857
