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the actual received during the weekend January 7 for cash sale was $17,547.00 and the amount indicated by the cash register total was $17,541 00

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the actual received during the weekend January 7 for cash sale was $17,547.00 and the amount indicated by the cash register total was $17,541 00 journalize the entry to record the cash receipts and cash sales

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Anoninin Bres then suef 3. Alpha Corporation uses the allowance method to make advance provisions for uncollectible receivables. Journalize the entries to record the following using the allowance method: (1) Record the adjusting entry on December 31, the end of the fiscal year, to provide for doubtful accounts. The accounts receivable account has a balance of $800,000, and the contra asset account before adjustment has a debit balance of $600. Analysis of the receivables indicates doubtul accounts of $20,000. (2) In March of the following fiscal year, the $550 owed by Flake Company on account is written off as uncollectible. (3) Eight months later, $200 of the Flake Company account is reinstated and payment of that amount is received

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