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Sheena Stone is an attorney in Los Angeles. Stone uses the direct write-off method to account for uncollectible receivables. At April 30, 2018, Stone's accounts
Sheena Stone is an attorney in Los Angeles. Stone uses the direct write-off method to account for uncollectible receivables. At April 30, 2018, Stone's accounts receivable totaled $15,000. During May, she earned revenue of $18,000 on account and collected $25,000 on account. She also wrote off uncollectible receivables of $2,160 on May 31, 2018. Read the requirements. Requirement 1. Use the direct write-off method to journalize Stone's write-off of the uncollectible receivables. Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit May 31 A Requirements Requirement 2. What is Stone's balance of Accounts Receivable at May 31, 2018? 1. Use the direct write-off method to journalize Stone's write-off of the uncollectible receivables. 2. What is Stone's balance of Accounts Receivable at May 31, 2018? Start by selecting the labels and then enter the amounts to calculate the balance in Accounts Receivable at May 31, 2018. Accounts Receivable Print Print Done Done
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