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Q2 From Ch8-2 note Hampson Furniture has credit sales of $1,200,000 in 2017, of which $200,000 remains uncollected at December 31. The credit manager estimates
Q2 From Ch8-2 note Hampson Furniture has credit sales of $1,200,000 in 2017, of which $200,000 remains uncollected at December 31. The credit manager estimates that $13,000 of these sales will prove uncollectible. The vice-president of finance of Hampson Furniture on March 1, 2018, authorizes a write- off of the $620 balance owed by R. A. Ware. The entry to record the write-off is: On July 1, R. A. Ware pays the $620 amount that Hampson Furniture had written off on March 1. Hampson makes these entries
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