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Granger Corporation reported the following selected information in its general ledger at October 31: All sales were on account. Some accounts receivable were collected.
Granger Corporation reported the following selected information in its general ledger at October 31: All sales were on account. Some accounts receivable were collected. One account was written off; there were no subsequent recoveries. At the end of the year, uncollectible accounts were estimated to total $3,800. Using your knowledge of receivables transactions, determine the missing amounts. (Hint: You may not be able to solve the below items in alphabetical order. You may find it helpful to reconstruct the journal entries.) Accounts Receivable (b) (c) Beg. bal. 25,900 (a) End. bal. 90,000 (d) Allowance for Expected Credit Losses Beg. bal. Unadj. bal. (e) End. bal. (f) 2,700 800 (d) (g) Allowance for Expected Credit Losses Beg. bal. Unadj. bal. 2,700 800 (e) End. bal. (f) Sales Credit Losses 145,000
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