Question: B c H Instructions: Record each transaction in a general journal. Hub Zero uses the allowance method to account for uncollectible accounts. During the accounting
B c H Instructions: Record each transaction in a general journal. Hub Zero uses the allowance method to account for uncollectible accounts. During the accounting period, the business had the following selected transactions: Jan 10: provided trips for Dubal National school students worth at $5,000 on account. Invoice 821. Aug 30 wrote off the account of Dubai National School as uncollectible.. $5,000, Memorandum 242 Dec. 10 The net sales for the period were $900,000, and 2% are estimated to be uncollectible. Record the adjusting entry for uncollectible accounts. 2 GENERAL JOURNAL PAGE: 15 3 DATE DESCRIPTION POST REF DEBIT CREDIT 4 1 2. 3 7 4 8 5 9 6 10 7 8 12 9 13 10 14 11 15 12 16 13 17 18 14 15 16 17 19 Problem 1 - + Copy of GENERAL LEDGER - A/R SUBSIDIARY LEDGER problem 2
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