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View Policies Current Attempt in Progress The ledger of Kingbird, Inc at the end of the current year shows Accounts Receivable $112.000; Sales Revenue $830,000,
View Policies Current Attempt in Progress The ledger of Kingbird, Inc at the end of the current year shows Accounts Receivable $112.000; Sales Revenue $830,000, and Sales Returns and Allowances $20,000. Prepere journal entries for each separate scenario below. Kingbird, Inc. uses the direct write-off method to account for uncollectible accounts, journalise the entry at December 31, assuming Kingbird, Inc, determines that L. Dold's $1.600 balance is uncollectible Allowance for Doubtful Accounts has a credit balance of $2.200 in the trial balance, journalize the adjusting entry at December 31, assuming collectible accounts are estimated to be 11% of accounts receivable Allowance for Dout Accounts has a debit balance of $19 in the trial balance, journalathe adjusting entry at December 31, assuming uncollectible accounts are estimated to be of accounts receivable d Creditoccounties are automatically indented when amount hentered. Do not inden manually Ho. Acces and Explanation Debit Credit The book and Media of Account
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