During 2011, Turning Leaves Furniture Restoration completed these transactions: 1. Sales revenue on account, $1,000,000 2. Collections
Question:
1. Sales revenue on account, $1,000,000
2. Collections on account, $870,000
3. Write-offs of uncollectibles, $12,000
4. Uncollectible-account expense, 4% of sales revenue
Journalize Turnings 2011 transactions. Explanations are not required
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1 Accounts Receivable 1000000 Sales Revenue 1000000 2 Ca...View the full answer
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Related Book For
Financial accounting
ISBN: 978-0136108863
8th Edition
Authors: Walter T. Harrison, Charles T. Horngren, William Bill Thomas
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