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The ledger of Windsor, Inc. at the end of the current year shows Accounts Receivable $79,100; Credit Sales $772,160; and Sales Returns and Allowances $43,350.
The ledger of Windsor, Inc. at the end of the current year shows Accounts Receivable $79,100; Credit Sales $772,160; and Sales Returns and Allowances $43,350. (a) If Windsor, Inc. uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Windsor, Inc. (b) If Allowance for Doubtful Accounts has a credit balance of $1,069 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 $530 in the trial balance, journalize the adjusting entry at December 31, assuming bad debts are expected to determines that Matisse's $984 balance is uncollectible. to be 11% 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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