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More Info Requirements a. Sales of $185,000 ($163,000 on account; $22,000 for cash). Ignore Cost of Goods Sold. b. Collections on account, $135,000. c.
More Info Requirements a. Sales of $185,000 ($163,000 on account; $22,000 for cash). Ignore Cost of Goods Sold. b. Collections on account, $135,000. c. Write-offs of uncollectible receivables, $2,600. Print Done 1. Journalize White's transactions that occurred during January. The company uses the allowance method. 2. Post White's transactions to the Accounts Receivable and Allowance for Bad Debts T-accounts. 3. Journalize White's adjustment to record bad debts expense assuming White estimates bad debts as 1% of credit sales on January 31, 2024. Post the adjustment to the appropriate T-accounts 4. Show how White Top Flagpoles will report net accounts receivable on its January 31, 2024, balance sheet. Print Done
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