Question
Q/A company reports the following financial information: Accounts Receivables: Debit $100,000 Sales Revenue (all on credit) Credit $ 900,000 Prepare journal entry to record bad
Q/A company reports the following financial information:
Accounts Receivables: Debit $100,000
Sales Revenue (all on credit) Credit $ 900,000
Prepare journal entry to record bad debt expenses assuming the company estimates bad debts at %5 of sales revenue, and allowance for doubtful accounts had $ 1500 Debi balance.
Prepare partial balance sheet to show up the net account receivable.
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Lessons Learned On The Audit Trail
Authors: Richard F.Chambers, CIA, QIAL, CGAP, CCSA, CRMA
1st Edition
0894139037, 978-0894139031
