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Question 2 of 6 0.44/2 E View Policies Show Attempt History Current Attempt in Progress Assume the following information for Tamarisk Corp. $ 151,000 11,500
Question 2 of 6 0.44/2 E View Policies Show Attempt History Current Attempt in Progress Assume the following information for Tamarisk Corp. $ 151,000 11,500 950,000 Accounts receivable (beginning balance) Allowance for doubtful accounts (beginning balance) Net credit sales Collections Write-offs of accounts receivable Collections of accounts previously written off 907,000 5,600 1.600 Uncollectible accounts are expected to be 8% of the ending balance in accounts receivable al (a) Your answer is correct. Prepare the entries to record sales and collections during the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually) Account Titles and Explanation Debit Credit Accounts Receivable 950000 Sales 950000 (To record sales on account) Cash 907000 Accounts Receivable 907000 (To record collection of accounts receivable) e Textbook and Media List of Accounts (b) Your answer is partially correct. Prepare the entry to record the write-off of uncollectible accounts during the period. (Credit account elles are automatically Indented when the amount is entered. Do not indent manually Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Save for Later Attempts: 1 of 12 used Submit
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