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Submit your file to Dropbox by numbered question. Due Sunday, 1 / 2 8 / 2 4 at 1 1 : 5 9 pm Ray's
Submit your file to Dropbox by numbered question. Due Sunday, at : pm
Ray's GamePlace sells all the hottest gear and video games. On January X Ray's had the
following account balances:
Accounts Receivable
Less Allowance for Doubtful Accounts
Net Accounts Receivable
During X Ray's wrote off $ in uncollectible accounts. Make this journal entry.
During X Ray's made credit sales of $ and collected $ of accounts receivable.
Record these journal entries.
At the end of the year, Ray's determines that approximately percent of its ending accounts
receivable balance will not be collected. Ray's uses the percentage of receivables method of
calculating bad debts. Make the necessary journal entry.
Show how the net accounts receivables balance would be reported on the balance sheet.
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