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www.YORKVILLBICA Question 2 (20 marks) Record entries for the following transactions for UTR8 Corp. UTF-8 Corp. maintains an Allowance for Uncollectible Accounts. Khushme a. Sold

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www.YORKVILLBICA Question 2 (20 marks) Record entries for the following transactions for UTR8 Corp. UTF-8 Corp. maintains an Allowance for Uncollectible Accounts. Khushme a. Sold merchandise on account to Java Ltd., $1,800. b. Sold merchandise on account to Centera, $759. c. Wrote off both the Java Ltd. and the Centers accounts. d. Centera unexpectedly paid off his account in full. Prepare the general journal entries, in chronological order. Include a brief description of the probable nature of each transaction. Debit Credit a) b)

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