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need to find the ending balance in accounts receivable, the ending balance in allowance for doubtful accounts, and the net realizable value of the recievables.
need to find the ending balance in accounts receivable, the ending balance in allowance for doubtful accounts, and the net realizable value of the recievables. given the information on the pictures
At the beginning of the current period. Vaughn Manufacturing had balances in Accounts Receivable of $216.000 and in Allowance for Doubtful Accounts of $9.720. During the period, it had net credit sales of $864,000 and collections of $824040. It wrote of uncollectible accounts receivable of $7.884. Uncollectible accounts are estimated to total $27.000 at the end of the period com recording cost of goods sold.) Assets Allow. For Doubtful Acets Cash Accts. Rec. Bee Bal 216.000 (a) 864,000 824,040 -824040 (b) -7.884 Enter the amounts using either a negative sin preceding the number -45 or parentheses (451) Liabilities Allow. For Doubtful Accts Common Stock Rov 9720 -25.166 Stockholders' Equity Retained Earnings Rev Exp 864.000 Se -25.164 Beddet Step by Step Solution
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