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ON-401 W Cact Question 2 of 6 View Policies -/15 Current Attempt in Progress Accounts receivable transactions are provided below for J Sunland Co
ON-401 W Cact Question 2 of 6 View Policies -/15 Current Attempt in Progress Accounts receivable transactions are provided below for J Sunland Co Dec. 31.2023 Mar. 5, 2024 June 6, 2024 The company estimated that 5% of its accounts receivable would become uncollectible. The balances in the Accounts Receivable account and Allowance for Doubtful Accounts were $684,000 and $2.100 (debit). respectively The company determined that R. Mirza's $3,700 account and D. Wight's $7,300 account were uncollectible. The company's accounts receivable were $723,400 before the accounts were written off Wight paid the amount that had been written off on March 5 The company's accounts receivable were $673,000 prior to recording the cash receipt for Wight (a) Prepare the journal entries on December 31, 2023, March 5, 2024, and June 6, 2024. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Q Search ENG US Question 2 of 6 > Date Account Titles Debit (To record write off of accounts receivable of R Mirza) (To record write off of accounts receivable of D. Wight) (To reverse write off) ON 401 W Construction Q Search -/15 Credit Question 3 of 6 < > View Policies -/10 I Current Attempt in Progress The account balances of Ivanhoe Company at December 31, 2024, the end of the current year, show Accounts Receivable $187.200 Allowance for Doubtful Accounts $2.300 (credit), Sales $1,484,000: Sales Returns and Allowances $60,000 and Sales Discounts $20.800 (a) Record the adjusting entry at December 31, 2024, assuming uncollectible accounts are estimated to be 10% of accounts receivable. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter O for the amounts. List debit entry before credit entry) Date Account Titles Dec. 31 Debit Credit
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