During Year 1, Its first year of operations, a company provides services on account of $134,000...
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During Year 1, Its first year of operations, a company provides services on account of $134,000 By the end of Year 1, cash collections on these accounts total $97,000. The company estimates that 25% of the uncollected accounts will be uncollectible in Year 2, the company writes off uncollectible accounts of $8,325 Required: 3-a. Assume the same facts as above but assume actual write-offs in Year 2 were $13,320. Record the write-off of accounts recelvable in Year 2 (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the write-off of accounts receivable in Year 2. Note Enter debits before credits Date General Journal Debit Credit December 31 During Year 1, Its first year of operations, a company provides services on account of $134,000 By the end of Year 1, cash collections on these accounts total $97,000. The company estimates that 25% of the uncollected accounts will be uncollectible in Year 2, the company writes off uncollectible accounts of $8,325 Required: 3-a. Assume the same facts as above but assume actual write-offs in Year 2 were $13,320. Record the write-off of accounts recelvable in Year 2 (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the write-off of accounts receivable in Year 2. Note Enter debits before credits Date General Journal Debit Credit December 31
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Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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