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What is the correct answer and for part C in the question. How did you come up with the number? Problem #3 16 Points PLEASE
What is the correct answer and for part C in the question. How did you come up with the number? Problem #3 16 Points PLEASE SHOW ALL OF YOUR WORK AND COMPUTATIONS Donovan Carrier Corp has an Accounts Receivable balance of $1,065,000 and an allowance for doubtful accounts of $99,500 as of 12/31/16. In 2017 they have credit sales of $2,900,000, cash collections on account of $3,050,000, and uncollectible account write-offs of $109,000. Their financial manager estimates 14%of their accounts receivables will be uncollectible on December 31, 2017 A. REQUIRED: Complete the below T-Accts for 2017 including the beginning balances provided and the relevant activity from the journal entries required in parts B. -E Allowance for Uncollectible Accounts Accounts Receivable Bad Debt Expense 1524 B. REQUIRED Provide the journal entry for Donovan for the credit sales for 2017 ACCT Debit Credit
What is the correct answer and for part C in the question. How did you come up with the number?
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