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The ledger of Splish Brothers Inc. at the end of the current year shows Accounts Receivable $73,500; Credit Sales $824,970; and Sales Returns and Allowances
The ledger of Splish Brothers Inc. at the end of the current year shows Accounts Receivable $73,500; Credit Sales $824,970; and Sales Returns and Allowances $37,540 (a) If Splish Brothers Inc. uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Splish Brothers (b) If Allowance for Doubtful Accounts has a credit balance of $1,180 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected (c) If Allowance for Doubtful Accounts has a debit balance of $540 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to Inc. determines that Matisse's $903 balance is uncollectible to be 9% of accounts receivable. be 9% of accounts receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation Debit Credit
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