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The Accounts Receivable balance and Allowance for Bad Debts for Winter Rotreats at December 31, 2017, was $10,800 and $2,000 (credit balance), respectively During 2018,
The Accounts Receivable balance and Allowance for Bad Debts for Winter Rotreats at December 31, 2017, was $10,800 and $2,000 (credit balance), respectively During 2018, Winter Retreats completed the following transactions: (Click the icon to view the transactions.) Read the reguirements. a. Sales revenue on account, $274,800 (ignore Cost of Goods Sold Accounts and Explanation Debit Credit More Into 274,800 Sales Revenue 274.800 a. Sales revenue on account, $274,800 (gnore Cost of Goods Sold) b. Collections on account, $219.000. c. Write-offs of uncollectibles, $5,600. d. Bad debts expense of $5,000 was recorded. Record sales for the year b. Collections on account, $219,000 Accounts and Explanation Debit Credit Print Done b. Cash 219,000 Accounts Receivable 219,000 Collected cash on account c. Write-offs of uncollectibles, $5,600 1. Journalize Winter Retreats's transactions for 2018 assuming Winter Retreats uses the allowance Accounts and Explanation Debit Credit methad c. 2. Post the transactions to the Accounts Receivable, Allowance for Bad Debts, and Bad Debts Expense T-accounts, and determine the ending balance of each account. 3. Show how accounts receivable would be reported on the balance sheet at December 31, 2018. Print Done Choose from any list or enter any number in the input fields and then click Check
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