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Where did I do wrong in the first question? PROBLEM #3-8 points RoJo, Inc. uses the allowance metho RoJo, Inc. had the following account balances
Where did I do wrong in the first question? PROBLEM #3-8 points RoJo, Inc. uses the allowance metho RoJo, Inc. had the following account balances in the unadjusted trial balance: d to account for uncollectible accounts. At the end of 2017 Sales Revenue Accounts receivable Allowance of uncollectible accounts 900,000 250,000 5,000 Required (address each situation y from the others): Record the adjusting entry for uncollectible accounts assuming the company that 5% of accounts receivable will not be collected over the coming year. Also, show the t-account for the allowance for uncollectible accounts after the adjustment. Record the adjusting entry for uncollectible accounts assuming the company estimates a. MO b. t1% of sales are uncollectible during the year. Also, show the t-account for the allowance for uncollectible accounts after the adjustment. a. Bel Dobe Expense A llowone uncolleutible acuaunes o,000 4S,000
Where did I do wrong in the first question?
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