Joshua Tree Inc. reported that at the end of 2012 net accounts receivable of 2,050 (the net
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Question:
Joshua Tree Inc. reported that at the end of 2012 net accounts receivable of 2,050 (the net value at the end of 2011 was 1,090). Their allowance for doubtful accounts at the end of 2012 was 150 (the allowance was 140 at the end 2011). Joshua Tree Inc. had sales of 20,000 during the year, 10% of which were on credit. They also had write- offs of 50.
1. Record the journal entry reflecting the cash Joshua Tree Inc. collected from its
credit customers in 2012
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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