Carla Vista Company reported the following information in its general ledger at December 31. All sales...
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Carla Vista 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 10% of accounts receivable. (a) Your answer is correct. Using your knowledge of receivables transactions, determine the missing amounts. (Hint: You may find it helpful to reconstruct the journal entries.) Accounts Receivable (b) Beg. bal. 16,500 (a) 46400 End. bal. eTextbook and Media List of Accounts 25500 Sales Allowance for Doubtful Accounts 36,700 46,400 Beg. bal 1,039 700 (d) End. bal. (e 2550 Bad Debt Expense 2211 Prepare the summary journal entries for Carla Vista Company. Ignore any inventory and cost of goods sold entries for the purposes of this question. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Account Titles (To record sales on account for the year.) (To record write off of accounts receivable.) (To record estimate of uncollectible accounts.) Debit Credit Carla Vista 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 10% of accounts receivable. (a) Your answer is correct. Using your knowledge of receivables transactions, determine the missing amounts. (Hint: You may find it helpful to reconstruct the journal entries.) Accounts Receivable (b) Beg. bal. 16,500 (a) 46400 End. bal. eTextbook and Media List of Accounts 25500 Sales Allowance for Doubtful Accounts 36,700 46,400 Beg. bal 1,039 700 (d) End. bal. (e 2550 Bad Debt Expense 2211 Prepare the summary journal entries for Carla Vista Company. Ignore any inventory and cost of goods sold entries for the purposes of this question. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Account Titles (To record sales on account for the year.) (To record write off of accounts receivable.) (To record estimate of uncollectible accounts.) Debit Credit
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