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From inception of operations to December 3 1 , 2 0 2 5 , Vaughn Corporation provided for uncollectible accounts receivable under the allowance method.
From inception of operations to December Vaughn Corporation provided for uncollectible accounts receivable under the allowance method. The provisions are recorded, based on analyses of customers with different risk characteristics. Bad debts written off were charged to the allowance account; recoveries of bad debts previously written off were credited to the allowance account, and no yearend adjustments to the allowance account were made. Vaughn's usual credit terms are net days. The balance in Allowance for Doubtful Accounts was $Cr at January During credit sales totaled $ the provision for doubtful accounts was determined to be $$ of bad debts were written off, and recoveries of accounts previously written off amounted to $ Vaughn installed a computer system in November and an aging of accounts receivable was prepared for the first time as of December A summary of the aging is as follows. tabletableClassification byMonth of SaletableBalance inEachCategorytableEstimated UncollectibleNovemberDecember table$ Balance Doubtfal Accounts $ $ t le eTextbook and Media Attempts: of used b Prepare the journal entry for the yearend adjustment to Allowance for Doubtful Accounts balance as of December If no entry is required, select No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry. Account Titles and Explanation Debit Credit eTextbook and Media Attempts: of used
From inception of operations to December Vaughn Corporation provided for uncollectible accounts receivable under the allowance method. The provisions are recorded, based on analyses of customers with different risk characteristics. Bad debts written off were charged to the allowance account; recoveries of bad debts previously written off were credited to the allowance account, and no yearend adjustments to the allowance account were made. Vaughn's usual credit terms are net days.
The balance in Allowance for Doubtful Accounts was $Cr at January During credit sales totaled $ the provision for doubtful accounts was determined to be $$ of bad debts were written off, and recoveries of accounts previously written off amounted to $ Vaughn installed a computer system in November and an aging of accounts receivable was prepared for the first time as of December A summary of the aging is as follows.
tabletableClassification byMonth of SaletableBalance inEachCategorytableEstimated UncollectibleNovemberDecember table$
Balance
Doubtfal
Accounts
$
$
t
le
eTextbook and Media
Attempts: of used
b
Prepare the journal entry for the yearend adjustment to Allowance for Doubtful Accounts balance as of December If no entry is required, select No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry.
Account Titles and Explanation
Debit
Credit
eTextbook and Media
Attempts: of used
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