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i need help. All sales were on account. At the end of the year, uncollectible accounts were estimated to be 10% of accounts receivable. (a)
i need help.
All sales were on account. At the end of the year, uncollectible accounts were estimated to be 10% of accounts receivable. (a) Your answer is correct. Using your knowledge of receivables transactions, determine the missing amounts. (Hint You may find it helpful to reconstruct the journal entries.) Prepare the summary journal entries for Pharoah Company. Ignore any inventory and cost of goods sold entries for the purposes of this question. (Credit account titles are automatically indented when the amount is entered. Do not indent manually If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List oll debit entries before credit entries) Step by Step Solution
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