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Question 2 - 1 3 marks Credit sales for this company total $ 5 0 0 , 0 0 0 Percentage of credit sales uncollectible
Question marks Credit sales for this company total $ Percentage of credit sales uncollectible are Aging of Accounts Receivable to days $ uncollectible estimated to be to days $ uncollectible estimated to be to days $uncollectible estimated to be Over days $ uncollectible estimated to be An existing balance of $ credit balance exists in the Allowance for Doubtful Accounts Account hint: to use in Aging AR method The year end accounts receivable balance is $ for the December year end. During March a specific accounts receivable account was determined uncollectible for J Spratt for $ and written off. On May J Spratt determined he was able to pay $ of the original amount he owed. Required Using the Credit Sales Method, create the year end journal to set up the balance in the Allowance For Doubfful Accounts for as well as the journal entries for Using the Aging of Accounts Receivable Method, create the year end journal to setup the balance in the Allowance For Doubtful Accounts for as well as the journal entries for
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Credit sales for this company total $
Percentage of credit sales uncollectible are
Aging of Accounts Receivable to days $ uncollectible estimated to be to days $ uncollectible estimated to be to days $uncollectible estimated to be Over days $ uncollectible estimated to be
An existing balance of $ credit balance exists in the Allowance for Doubtful Accounts Account hint: to use in Aging AR method
The year end accounts receivable balance is $ for the December year end.
During March a specific accounts receivable account was determined uncollectible for J Spratt for $ and written off.
On May J Spratt determined he was able to pay $ of the original amount he owed.
Required
Using the Credit Sales Method, create the year end journal to set up the balance in the Allowance For Doubfful Accounts for as well as the journal entries for
Using the Aging of Accounts Receivable Method, create the year end journal to setup the balance in the Allowance For Doubtful Accounts for as well as the journal entries for
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