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Points: 0.09 of 2 Save On November 30, Hilltop Party Planners had a $37.000 balance in Accounts Receivable and a $3,629 credit balance in Allowance
Points: 0.09 of 2 Save On November 30, Hilltop Party Planners had a $37.000 balance in Accounts Receivable and a $3,629 credit balance in Allowance for Uncolectible Accounts. During December, Milop made credit of $200.000. December collections on account were $163,000, and write-offs of uncollectible receivables totaled $2,920. Uncollectible-accounts expense is estimated as 3 of crede. No Peturns are expected. Ignore cost of goods sold Read the Sales Revenue 200,000 (b) Nox you the collections on account Journal Entry Date Accounts Accounts Payable Cash Debit Credi
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