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Problem 2 (5 points) On October 31, YIA Company had a $25,000 balance in Accounts Receivable and a $1,800 credit balance in vance for Uncollectible
Problem 2 (5 points) On October 31, YIA Company had a $25,000 balance in Accounts Receivable and a $1,800 credit balance in vance for Uncollectible Accounts. During November, the company made credit sales of $175,000 November collections on account were $135,000, and write-offs of uncollectible receivables totaled $2,600. The required allowance at period end is calculated to be $4,200. Required: Record the journal entries required by YIA Company during November. Explanations are not required (5 points)
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