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September 2014 with $1,234,567 in gross accounts receivables and an allowance for doubtful accounts balance of $234,567. During September 2014, EPL has sales on account
September 2014 with $1,234,567 in gross accounts receivables and an allowance for doubtful accounts balance of $234,567. During September 2014, EPL has sales on account totaling $2,222,222 and wrote off $314,159 of accounts receivables. At the end of September 2014, EPL's aging-of-accounts-receivables schedule shows the following amounts: Eye Phone Limited (EPL) Aging-of-Accounts-Receivables September 2014 (ending balance) Required: Prepare necessary journal entries and T-Accounts for Accounts Receivables, Allowance for Doubtful Accounts, and Bad Debt Expense for the month of September 2014. September 2014 with $1,234,567 in gross accounts receivables and an allowance for doubtful accounts balance of $234,567. During September 2014, EPL has sales on account totaling $2,222,222 and wrote off $314,159 of accounts receivables. At the end of September 2014, EPL's aging-of-accounts-receivables schedule shows the following amounts: Eye Phone Limited (EPL) Aging-of-Accounts-Receivables September 2014 (ending balance) Required: Prepare necessary journal entries and T-Accounts for Accounts Receivables, Allowance for Doubtful Accounts, and Bad Debt Expense for the month of September 2014
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