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The December 31, 2021, balance sheet of the Kingbird, Inc. had Accounts Receivable of 5670,000 and a credit balance in Allowance for Doubtful Accounts of
The December 31, 2021, balance sheet of the Kingbird, Inc. had Accounts Receivable of 5670,000 and a credit balance in Allowance for Doubtful Accounts of $3,000. During 2025, the following transactions occurred: sales on account 51,593,000; sales returns and allowances, $125,000, collections from customers, $1.294,000 accounts written of $37,000, previously written of account of $8,000 were collected Journalize the 2022 transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manual) Account Titles and Explanation Debit Credit (To record credit sales) (To record credits to customer (Trend collection of (To write of specific accounts) To reverse write of account) (To record collection of account) SNOW LIST OF ACCOUNTS LINK TO TEXT If the company uses the percentage of receivable basis to estimate od debt expense and determines that uncollectible accounts are expected to be of accounts receivable, while the adjusting entry at December 31, 20227 (Credit account titles are automatically indented when the amount is entered. Do not intent manually) Date Account Titles and Explanation Debit Credit
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