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Please answer the 4 questions below for my introduction to financial accounting class Birch Foods, Inc., experienced the following revenue and accounts receivable write-offs click
Please answer the 4 questions below for my introduction to financial accounting class
Birch Foods, Inc., experienced the following revenue and accounts receivable write-offs click the icon to view the revenue and accounts receivable write-off information. Suppose Birch estimates that 4% of (gross) revenues will become uncollectible. Assume all revenues are on credit. Read the requirement. Begin by preparing the journal entry for service revenue for the month of March. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journal Entry Date Accounts and Explanations Credit Mar Now, prepare the journal entry for uncollectible expense for the month of March. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journal Entry Date Accounts and Explanations Debit Credit MarStep by Step Solution
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