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The ledger of Pina Company at the end of the current year shows Accounts Receivable $123,000, Credit Sales $858,000, and Sales Returns and Allowances $25,000.
The ledger of Pina Company at the end of the current year shows Accounts Receivable $123,000, Credit Sales $858,000, and Sales Returns and Allowances $25,000. Journalize the following independent situations. (a) Your answer is correct. If Pina uses the direct write-off method to account for uncollectible accounts, journalize the entry at December 15, if Pina determines that L. Dole's $1,800 balance is uncollectible. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Dec. 15 Account Titles and Explanation Bad Debt Expense Accounts Receivable eTextbook and Media List of Accounts Debit 1800 Credit 1800 Attempts: 1 of 3 used
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