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Part of a question. Posting in parts so its not so long for an expert. Need help getting the jounral entries and T accounts for
Part of a question. Posting in parts so its not so long for an expert. Need help getting the jounral entries and T accounts for this part.
During 2022, the company sold 310 windows on account for $360 each. The company uses UFO inventory valuation and warranties its windows for 2 years. It expects that 10% of the windows will have a problem and that on average each window would cost $90 to fix. The company records bad debt expense equal to 5% of credit sales. The company collects $89280 cash from the credit sales. The company also learns that Big Al who purchased 2 of the windows has declared bankruptcy and will not pay for his windows so Mr. Pane decides to write off the accounts receivable related to these two windows
Part of a question. Posting in parts so its not so long for an expert. Need help getting the jounral entries and T accounts for this part.
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