Question
View Policies Current Attempt in Progress Accounts receivable transactions are provided below for J Cullumber Co. Dec. 31.2020 Mar. 5, 2021 June 6, 2021
View Policies Current Attempt in Progress Accounts receivable transactions are provided below for J Cullumber Co. Dec. 31.2020 Mar. 5, 2021 June 6, 2021 The company estimated that 5% of its accounts receivable would become uncollectible. The balances in the Accounts Receira account and dance for Doubtful Accounts were $697,000 and $2,300 (debit), respectively. The company determined that R. Mirza's $3.100 account and D. Wight's $6,400 account were uncollectible. The company's accounts receivable were $731.800 before the accounts were written off. Wight paid the amount that had been written off on March 5. The company's accounts receivable were $687,500 prior to recording the cash receipt for Wight. Prepare the journal entries on December 31, 2020, March 5, 2021, and June 6, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Dec. 31,2020 Mar. 5, 2021 Mar. 5, 2021 (To record estimate of uncollectible accounts.) (To record write off of accounts receivable.) (To record write off of accounts receivable.) Debit Credit
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