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The December 31, 2024, balance sheet of the Carla Vista Discount Supply Company had Accounts Receivable of $670,000 and a credit balance in Allowance for
The December 31, 2024, balance sheet of the Carla Vista Discount Supply Company had Accounts Receivable of $670,000 and a credit balance in Allowance for Doubtful Accounts of \$32,000. During 2025, the following transactions occurred: sales on account $1,593,000; sales returns and allowances, $125,000; collections from customers, $1,294,000; accounts written off, $37,000; previously written off accounts of $8,000 were collected (a) Journalize the 2025 transactions. Omit cost of goods sold entries. (Credit account titles are outomotically indented when the amount is entered. Do not indent manuallys
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