Camping Equipment Company of Waterloo uses the direct write-off method for recording bad debts expense. At the
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Camping Equipment Company of Waterloo uses the direct write-off method for recording bad debts expense. At the beginning of 2021, Accounts Receivable has an $86,700 balance. Journalize the following transactions for the company:
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2021 Mar. 23 Wrote off F. Robichaud's account for $1,280. June 7 Wrote off K. Cheung's account for $915. 2022 Aug. 16 Dec. 6 17 K. Cheung paid bad debt of $915 that was written off June 7, 2021. Wrote off S. Lowe's account as uncollectible, $418. Wrote off R. Patel's account for $316 due from sales made on account in 2020.
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Date 2021 Mar 23 Bad Debt Expense Jun 2022 Aug 16 Dec 7 Bad Debts Ex...View the full answer
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Related Book For
College Accounting A Practical Approach
ISBN: 9780135222416
14th Canadian Edition
Authors: Jeffrey Slater, Debra Good
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