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Uton Inc.'s accountant mistakenly recorded a deposit of $1,952 as $1.752 Written by another company AVR deducted from Lexington Inc.'s account a check! customer as

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Uton Inc.'s accountant mistakenly recorded a deposit of $1,952 as $1.752 Written by another company AVR deducted from Lexington Inc.'s account a check! customer as NSF V. Information about credit sales and collections for Rex Corporation year ending December 31, 2016 follows: (10 pts.) es and collections for Rex Corporation for the fiscal dance in Accounts Receivable of $150,000 and a debit . Rex Corp. has a balance in Accounts Receivable balance in the Allowance for Uncollectible Accounts of s During 2015, Rex Corp. had net credit sales for $800.00 At year-end, an accounts receivable aging schedule balance in Allowance for Uncollectible Accounts of $15 aging schedule indicated a required Required: (1) Using the Accounts Receivable method entry required to record the bad deb ended December 31, 2015 jable method, show the journal the bad debts expense for the year (2) Using the Net Credit Sales methods required to record the bad debts expe Dec 31, 2015, assuming that 2% estimated to be uncollectible. method, show the journal entry debts expense for the year ended that 2% of net credit sales is

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