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Swiss Supplies showed the following selected adjusted balances at its December 31, 2019. year-end: Accounts Receivable Dec. 31/19 Balance 540,000 Allowance for Doubtful Accounts 14,400
Swiss Supplies showed the following selected adjusted balances at its December 31, 2019. year-end: Accounts Receivable Dec. 31/19 Balance 540,000 Allowance for Doubtful Accounts 14,400 Dec. 31/19 Balance During 2020, the following selected transactions occurred: a. Sales totalled $2,960,000, of which 25% were cash sales (cost of sales $1,909,000). b. Sales returns were $103.000, half regarding credit sales. The returned merchandise was scrapped. c. An account for $19,000 was recovered. d. Several accounts were written off. $21,000 e. Collections from credit customers totalled S1,870,000 (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 msi Saveg 1 2 3 4 5 6 7 Record the sales. Note: Enter debits before credits. Transaction General Journal Debit Credit a(1) Record entry Clear entry View general journal acation.com/ext/map/index.html?_con= Saved lems 0 5 3 6
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