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how can I solve these two questions? View Policies and Current Attempt in Progress Carla Company sold $9,390 of its specialty shelving to Elkins Office
how can I solve these two questions?
View Policies and Current Attempt in Progress Carla Company sold $9,390 of its specialty shelving to Elkins Office Supply Co. on account. Prepare the entries when (a) Carla makes the sale. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account tities are automatically indented when the amount is entered. Do not indent manually.) ort Account Titles and Explanation Debit Credit (b) Carla grants an allowance of $644 when some of the shelving does not meet exact specifications but still could be sold by Elkins. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit (c) at year-end. Carla estimates that an additional $207 in allowances will be granted to Elkins. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts Attempts: unlimited Submit Answ Save for Later View Policies Current Attempt in Progress Marigold, Inc. had net sales in 2020 of $1,416,300. At December 31, 2020, before adjusting entries, the balances in selected accounts were Accounts Receivable $370,500 debit, and Allowance for Doubtful Accounts $3,380 credit. If Marigold estimates that 8% of its receivables will prove to be uncollectible. Prepare the December 31, 2020, journal entry to record bad debt expense. (If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31, 2020 eTextbook and Media List of Accounts Attempts: unlimited Submit Answer Save for LaterStep by Step Solution
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