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I need the Entries? Assume the followings Total A/R 200,000 Total sales 130,000 (30,000 cash sales) 1. In case the company used 2 % of
I need the Entries?
Assume the followings Total A/R 200,000 Total sales 130,000 (30,000 cash sales) 1. In case the company used 2 % of credit sales 2. In case the company used 4% of A/R The balance of allowance for doubtful account A- Dr. 1000 B. Cr. 1500 The company write off 4000 of A/R The company recovery 2500 of A/RStep by Step Solution
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
13th Edition
9780470374948, 470423684, 470374942, 978-0470423684
