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Question 2 On 31 August 2012, Daisy Floral Supply had a RM155.000 debit balance in Accounts Receivables and a RM6,200 credit balance in Allowance for

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Question 2 On 31 August 2012, Daisy Floral Supply had a RM155.000 debit balance in Accounts Receivables and a RM6,200 credit balance in Allowance for uncollectible accounts. During September, Daisy made: Sales on account, RM590,000 Collections on accounts, RM627,000 Write off of uncollectible receivables, RM7,000 Required: (1) Journalize all September entries using the allowance method. Uncollectible account expense was estimated at 3% of credit sales. Show all September activity in Accounts Receivable, Allowance for uncollectible accounts and uncollectible account expenses (post to these ledgers)

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