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how do I fill out the accounts titles and explanations chart On February 28, Wildhorse Company had accounts recelvable in the amount of $568,100 and
how do I fill out the accounts titles and explanations chart
On February 28, Wildhorse Company had accounts recelvable in the amount of $568,100 and Allowance for Doubtful Accounts had a credit balance of $2,782 before adjustment. Net credit sales for February amounted to $3,900,000. The credit manager estimated that uncollectible accounts would amount to 5% of accounts receivable. On March 10, an accounts recelvable from Kathy Black for $7,930 was determined to be uncollectible and written oft. However, on March 31, Black received an inheritance and immediately paid her past due account in full. (a) Prepare the journal entries made by Wildhorse Company on the following dates: (Credit account tities are automaticaily indented when the amount is entered. Do not indent manually. Record joumal entries in the order presented in the problem. Ust all deblt entries before crodit entries.) 1. February 28 2. March 10 3. March 31 Step by Step Solution
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