Prepare Journal entries for the following: a)AlRimal Inc. made credit sales of $150,000on December15,Year1. b)On December31,Year1,AlRimal Inc.

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Prepare Journal entries for the following:

a) AlRimal Inc. made credit sales of $150,000 on December 15, Year 1.

b) On December 31, Year 1, AlRimal Inc. estimated bad debt expenses to be $15,000.

c) AlRimal Inc. collected $100,000 of accounts receivable on January 12, Year 2.

d) On June 15, Year 2, AlRimal Inc. decided it would not be able to collect $10,000 in accounts receivable from AlShatei Inc.

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1119493631

9th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Posted Date: Nov 20, 2023 08:34 AM

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Prepare Journal entries for the following: a)AlRimal Inc. made credit sales of $150,000on December15,Year1. b)On December31,Year1,AlRimal Inc.

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