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The ledger of Shamrock, Inc. at the end of the current year shows Accounts Receivable $89.000 Credit Sales 5845.000 and Sales Returns and Allowances $38.000
The ledger of Shamrock, Inc. at the end of the current year shows Accounts Receivable $89.000 Credit Sales 5845.000 and Sales Returns and Allowances $38.000 (a) if Shamrock uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Shamrock determines that Matisse's $750 balance is uncollectible (h If Allowance for Doubtful Accounts has a credit balance of $1.300 in the trial balance, journalize the adjusting entry at December 31. assuming bad debts are expected to be 11% of accounts receivable If Allowance for Doubtful Accounts has a debit balance of $500 in the trial balance. Journalize the adjusting entry at December 31, assuming bad debts are expected to be 9% of accounts receivable Prepare journal entries to record the above transactions. (Cedit account titles are automatically indented when amount is entered. Do notIndent morally No. Date Account Titles and explanation Debit Credit Dec 31 (6 Doc 31 Dec 31 Question 15 of 15 -/5 Current Attempt in Progress Pearl Industries uses the allowance method of accounting for bad debts. The coming produced the following ating of the accounts receivable year-end la Calculate the total estimated bad debts based on the information below Total $409.000 Accounts receivable 0-30 $246,000 31-60 $84.000 suncollectible 1% Estimated bad debts 5 12430 5 Totho Question 15 of 15 - 15 E Current Attempt in Progress Pearl Industries uses the allowance method of accounting for bad debts. The company produced the following aging of the accounts receivable at year-end (a) Calculate the total estimated bad debts based on the information below. 31-60 $84.000 Number of Days Outstanding 61-90 $43.000 91-120 $23000 Over 120 $13.000 4% 5% 115 s $ S
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