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e) Your Co. had sales of $72000, an ending A/R balance of $12960. Record the year end adjusting entry if Your Co. uses the direct

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e) Your Co. had sales of $72000, an ending A/R balance of $12960. Record the year end adjusting entry if Your Co. uses the direct writeoff method and estimates 1% of sales are uncollectible. General Journal Date Account/Explanation PR Debit Credit Dec 31 Acore boustabosiecte What entry is required if E Co. goes bankrupt next year owing Your Co. $51.84? General Journal Date Account/Explanation PR Debit Credit July 24 (Write off account) F) Your Co. had sales of $78000, an ending A/R balance of $7800, and a cr. balance of $156 in the allowance account. Record the adjusting entry if 1.5% of sales are uncollectible. General Journal Date Account/Explanation PR Debit Credit Dec 31 (Acurve bad dabe-sales What entry is required if J Co. goes bankrupt next year owing Your Co. $234? Date Jan 22 Account/Explanation General Journal PR Debit Credit (Write off account)

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