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Exercise 8-04 Assume the following information for Shamrock Corp. Accounts receivable (beginning balance) Allowance for doubtful accounts (beginning balance) Net credit sales Collections Write-offs of
Exercise 8-04 Assume the following information for Shamrock Corp. Accounts receivable (beginning balance) Allowance for doubtful accounts (beginning balance) Net credit sales Collections Write-offs of accounts receivable Collections of accounts previously written off $159,000 11,470 938,000 904,000 6,500 2,000 Uncollectible accounts are expected to be 9% of the ending balance in accounts receivable. and collections during the period of the a utomat e d when the amount entre Demonta (Torward to see Prepare the entry to record the write-off of unc o unts during the periodi s tes are automat e d when the amounts De no identy ) Account the planation C Prepare the entries to record the recovery of the co c count during the con (To record of counts receivable) Determine the ending balance in Accounts Rece Unadjusted balance in Alowance for Doubtful Prepare the entry to record bad debt expense for the period. (Credit account De moindent manually.) Accounts and Explanation Determine the ending (adjusted) balance in Allowance for Doubtful Accounts. Ending (adjusted) balance in Allowance for Doubtful Accounts Click if you would like to Show Work for this question: Open Show Work
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