Question
On August August 31, 2018, Hewes Floral Supply had a $150,000 debit balance in Accounts Receivable and $6,000 credit balance in Allowance for Bad Debts.
On August
August 31, 2018, Hewes Floral Supply had a $150,000 debit balance in Accounts Receivable and $6,000 credit balance in Allowance for Bad Debts. During September Hewes made:
Sales onaccount, $540,000. Ignore Cost of Goods Sold.
Collections onaccount, $581,000.
Write-offs of uncollectiblereceivables, $8,000
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Accounting What the Numbers Mean
Authors: David Marshall, Wayne McManus, Daniel Viele
12th edition
007802529X, 1259969525, 978-1260565492
