1. In adjusting the accounts on December 31, the company estimated that 1.90% of accounts receivable will be uncollectible.

Sold $1,351,000 of merchandise (that had cost $975,800) on credit, terms n/30.

Wrote off $20,100 of uncollectible accounts receivable.

Received $669,700 cash in payment of accounts receivable.

In adjusting the accounts on December 31, the company estimated that 1.90% of accounts receivable will be uncollectible

1. In adjusting the accounts on December 31, the company estimated that 1.90% of accounts receivable will be uncollectible

Sold $1,554,700 of merchandise (that had cost $1,344,800) on credit, terms n/30.

Wrote off $33,700 of uncollectible accounts receivable.

Received $1,299,700 cash in payment of accounts receivable.

In adjusting the accounts on December 31, the company estimated that 1.90% of accounts receivable will be uncollectible.