The following information was reported in Beckford Company's general ledger at August 31:

All sales were made on account. At the beginning of the year, uncollectible accounts were estimated to be 6% of accounts receivable. At the end of the year, uncollectible accounts were estimated to be 7% of accounts receivable.
Instructions
Determine the missing amounts in Beckford Company's accounts. State what each of these amounts represents. You will not be able to determine the missing items in alphabetical order. (To solve this problem, it might help if you reconstruct the journal entries.)

Transcribed Image Text:

Accounts Receivable Sales Beg. bal. 360,000 2,545,000 5,520 End. bal. Bad Debt Expense Beg. bal. 28,540 End. ba. 29,400