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Hello , can you please help me how to solve this question? Thank you Cranc Company reported the following information in its gcncral ledger at
Hello , can you please help me how to solve this question? Thank you
Cranc Company reported the following information in its gcncral ledger at December 31. All sales were on account. At the end of the year, uncollectible accounts were estimated to be 10% of accounts receivable. (a) Using your knowledge of receivables transactions, determine the missing amounts. Ignore any inventory,cost of goods sold, at refund liabilities for the purposes of this question. (Hint: You may find it helpful to reconstruct the journal entries.) Accounts Receivable 16,600 Beg. bal. 36,400 (a) (b) End. bal. (c) Sale 46,600 Allowance for Doubtful Accounts Beg. bal. 700 (d) 1,011 End. bal. (e) Bad Debt Expense (d)Step by Step Solution
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