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On August 3 1 , 2 0 2 3 , ABC Supply had a $ 1 2 0 , 0 0 0 debit balance in
On August ABC Supply had a $ debit balance in Accounts Receivable and a $
credit balance in Allowance for Bad Debts.
During September, ABC made:
Sep, Sales on account, $Ignore Cost of Goods Sold and Inventory entry
Sep, Collections on account, $
Sep, Writeoffs of uncollectible receivables, $
Instructions
Journalize all September entries using the allowance method. Bad debts expense was estimated
at of credit sales. Show the balance of all September activity in Accounts Receivable,
Allowance for Bad Debts, and Bad Debts Expense ledgers at September
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