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Ivanhoe Company reported the following information in its general ledger at December 31. All sales were on account. At the end of the year,
Ivanhoe Company reported the following information in its general ledger at December 31. All sales were on account. At the end of the year, uncollectible accounts were estimated to be 10% of accounts receivable. Using your knowledge of receivables transactions, determine the missing amounts. Ignore any inventory, cost of goods sold, and refund liabilities for the purposes of this question. (Hint: You may find it helpful to reconstruct the journal entries.) Beg. bal. (a) End. bal. (c) (d) Accounts Receivable 15,100 Sale 36,400 (b) Allowance for Doubtful Accounts 46,600 Beg. bal. 1,159 800 (d) End. bal. (e) Bad Debt Expense
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