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(similar to) The September 30, 2019, records of Perfecto Communications include these accounts: (Click the icon to view the September 30, 2019 account balances.) During
(similar to) The September 30, 2019, records of Perfecto Communications include these accounts: (Click the icon to view the September 30, 2019 account balances.) During the last quarter of 2019, the company completed the following selected transactions: (Click the icon to view the selected transactions.) During the year, Perfecto Communications estimates Uncollectible-account expense at 1% of credit sales. At year-end (December 31), the company ages its receivables and adjusts the balance in the Allowance fo Uncollectible Accounts to correspond to the following aging schedule. (Click the icon to view the Accounts Receivable balance and aging schedule to be used at December 31, 2019.) Read the requirements. Requirement 1. Record the transactions for the last quarter of 2019 in the journal. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Wrote off as uncollectible the $1,500 account receivable from Shade Carpets and the $300 account receivable from Rare Antiques. Journal Entry Date Debit NS Credit Nov Accounts 30 Allowance for Uncollectible Accounts Accounts Receivable-Rare Antiques Choose from any list or enter any number in the input fields and then click Check Answer. 4 parts remaining Clear All Check Answer 78%
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