Question: Hi! Can someone please help me thank you! Problem 8-2A (Part Level Submission) At December 31, 2016, Sweet Acacia Industries Imports reported this information on

Hi! Can someone please help me thank you! Submission) At December 31, 2016, Sweet Acacia Industries Imports reported this information

Problem 8-2A (Part Level Submission) At December 31, 2016, Sweet Acacia Industries Imports reported this information on its balance sheet. Accounts receivable Less: Allowance for doubtful accounts $606,700 36,950 During 2017, the company had the following transactions related to receivables. 1. Sales on account 2. Sales returns and allowances 3. Collections of accounts receivable 4. Write-offs of accounts receivable deemed uncollectible 5 Recovery of bad debts previously written off as uncollectible $2,899,000 76,516 2,549,800 40,820 16,350

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