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Please help with the T-chart Data table Requirement 1. How much of the December 31,2018, balance of accounts receivable did ETR expect to collect? Stated
Please help with the T-chart
Data table Requirement 1. How much of the December 31,2018, balance of accounts receivable did ETR expect to collect? Stated differently, what was the net ealizable value of ETR's receivables? The net realizable value of ETR's receivables at December 31, 2018 is $ million. Requirement 2. Journalize, without explanations, the following 2019 entries for ETR. (Record debits first, then credits. Exclude explanations from any ournal entries. Enter amounts in millions as provided to you in the problem statement, X.X.) astimated doubtful-account expense of $40 million, based on the percent-of-sales method, all during the year. b. Write-offs of uncollectible accounts receivable total $58 million. Prepare a T-account for Allowance for Doubtful Accounts and post the write-offs and the doubtful-account expense from part a. to this account. Show its unadjusted balance at December 31, 2019. Begin by preparing the journal entry. Now prepare the T-account for Allowance for Doubtful Accounts and post to this account. Show its unadjusted balance at December 31,2019Step by Step Solution
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