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Exercise 8 - 8 Receivables, allowance for doubtful accounts, write - off, and subsequent recovery LO 1 , 2 , 3 Outdoor Equipment ( OE
Exercise Receivables, allowance for doubtful accounts, writeoff, and subsequent recovery LO Outdoor Equipment OE sells camping equipment. On December the accounts receivable account had a balance of $ the bad debt expense account had a balance of $ and the allowance for doubtful accounts had a credit. balande of $ Journalize the remaining journal entries for the year. Dec. Sold tents for $ on account with a cost of $ Determined that the total accounts of Rocky with an accounts receivable balance of $ and Grouse Co with an accounts receivable balance of $ were uncollectible and needed to be written off. Unexpectedly received payment from Grouse Co for $ Estimated that of accounts receivable recorded to date would be uncollectible. Required: Prepare journal entries to record the transactions. Note: Writeoff of uncollectible accounts for Rocky Co and Grouse Co should be posted separately. Journal entry worksheet
Exercise Receivables, allowance for doubtful accounts, writeoff, and subsequent recovery LO
Outdoor Equipment OE sells camping equipment. On December the accounts receivable account had a balance of $ the bad debt expense account had a balance of $ and the allowance for doubtful accounts had a credit. balande of $ Journalize the remaining journal entries for the year.
Dec. Sold tents for $ on account with a cost of $
Determined that the total accounts of Rocky with an accounts receivable balance of $ and
Grouse Co with an accounts receivable balance of $ were uncollectible and needed to be written off.
Unexpectedly received payment from Grouse Co for $
Estimated that of accounts receivable recorded to date would be uncollectible.
Required:
Prepare journal entries to record the transactions. Note: Writeoff of uncollectible accounts for Rocky Co and Grouse Co should be posted separately.
Journal entry worksheet
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