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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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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) 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 automotically indented when amount is entered. Do not indent manually.) If Allowance for Doubtful Accounts has a credit balance of $3,100 in the trial balance, journalize the adjusting entry at December 31, assuming uncollectibles are expected to be 118 of accounts recelvable. (Credit account titles ore automatically indented when amount is entered. Do not indent manually. If Allowance for Doubtful Accounts has a debit balance of $240 in the trial balance, journalize the adjusting entry at December 31 , assuming uncollectibles are expected to be 8% of accounts receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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