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Prepare journal entries to record the above transaction. The lediger of Windsor, Inc. at the end of the current year shows Accounts Receivable $83,000; Credit

Prepare journal entries to record the above transaction. image text in transcribed
The lediger of Windsor, Inc. at the end of the current year shows Accounts Receivable $83,000; Credit Sale $10,000, and Sales Returns and Allowances $39,000 (a) Windsor uses the direct wite-off method to account for uncollectible accounts, youmalize the adjusting entry at December 31, assuming Windsor determines that Matisse's $852 balance is (b) i Allowance for Doubtful Accounts has a credit balance of 51,300 in the trial balance, journaline the adjusting entry at December 31, besuming bed debts are expected to be 9% of accounts to lowance for Doubtful Accounts has a debit balance of $500 in the trial balancn, journalire the adjusting entry at December 31, assuming bad debts are expected to be 7 of accounts Prepare youmai entries to record the above transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually) Account Tities and Explanation Debit Crada (a) Dec 31 receivable No Date (6) Dec. 31 (c) Dec 31

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