Sunland Company reported the following information in its general ledger at December 31. All sales were on
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Question:
Sunland Company reported the following information in its general ledger at December 31. All sales were on account. At the end of the year, uncollectible accounts were estimated to be 11% of accounts receivable. (a) Using your knowledge of receivables transactions, determine the missing amounts. (Hint: You may find it helpful to reconstruct the journal entries.) Beg. bal. Accounts Receivable 16,900 36,800 End. bal (a) (c) (b) Sales 46.100 Allowance for Doubtful Accounts Beg. bal. 1,051 600 (d) End. bal. (e) Bad Debt Expense (d) What is the amount of cash collected?
Related Book For
Accounting Principles Part 2
ISBN: 978-1118306796
6th Canadian edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
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