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please help asap (last picture) During its first year of operations, Tamarisk, Inc. had credit sales of $3,120,000, of which $432,700 remained uncollected at year-end.
please help asap (last picture)
During its first year of operations, Tamarisk, Inc. had credit sales of $3,120,000, of which $432,700 remained uncollected at year-end. The credit manager estimates that $18,900 of these receivables will become uncollectible. (a) Your answer is correct. Prepare the journal entry to record the estimated uncollectibles. (Assume an unadjusted balance of zero in Allowance for Doubtful Accounts.) (Credit occount titles are automatically indented when amount is entered. Do not indent manually). Prepare the current assets section of the balance sheet for Tamarisk, Inc, assuming that in addition to the receivables it has cash of $83,600, merchandise inventory of $177,400, and supplies of $14,200. (List Current Assets in order of liquidity) Step by Step Solution
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