Swiss Supplies showed the following selected adjusted balances at its December 31, 2019, year-end: Dec. 31/19...

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Swiss Supplies showed the following selected adjusted balances at its December 31, 2019, year-end: Dec. 31/19 Balance Accounts Receivable 510,000 Allowance for Doubtful Accounts 15,600 Dec. 31/19 Balance During 2020, the following selected transactions occurred: a. Sales totalled $2,930,000, of which 25% were cash sales (cost of sales $1,891,000). b. Sales returns were $106,000, half regarding credit sales. The returned merchandise was scrapped. c. An account for $22,000 was recovered. d. Several accounts were written off: $24,000. e. Collections from credit customers totalled $1,840,000 (excluding the recovery in (c) above). Part A Required: 1. Journalize transactions (a) through (e). You may find it useful to post your entries to T-accounts for Accounts Receivable and Allowance for Doubtful Accounts. Activate Swiss Supplies showed the following selected adjusted balances at its December 31, 2019, year-end: Dec. 31/19 Balance Accounts Receivable 510,000 Allowance for Doubtful Accounts 15,600 Dec. 31/19 Balance During 2020, the following selected transactions occurred: a. Sales totalled $2,930,000, of which 25% were cash sales (cost of sales $1,891,000). b. Sales returns were $106,000, half regarding credit sales. The returned merchandise was scrapped. c. An account for $22,000 was recovered. d. Several accounts were written off: $24,000. e. Collections from credit customers totalled $1,840,000 (excluding the recovery in (c) above). Part A Required: 1. Journalize transactions (a) through (e). You may find it useful to post your entries to T-accounts for Accounts Receivable and Allowance for Doubtful Accounts. Activate