Question

The following information pertains to Godwin Motors, which uses the allowance method for receivables:
Required
a. Assuming that Godwin Motors recorded bad debt expense of $25,600 in 2012, what amount of accounts receivable were written off in 2012?
b. Prepare the journal entries to record the 2012 bad debt expense and the 2012 write-offs of uncollectible accounts.
c. Assuming that Godwin made all sales on credit, what amount of cash was collected in 2012?


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  • CreatedJuly 16, 2015
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