Question: What is the correct answer and for part C in the question. How did you come up with the number? Problem #3 16 Points PLEASE

 What is the correct answer and for part C in the
question. How did you come up with the number? Problem #3 16
What is the correct answer and for part C in the question. How did you come up with the number?

Problem #3 16 Points PLEASE SHOW ALL OF YOUR WORK AND COMPUTATIONS Donovan Carrier Corp has an Accounts Receivable balance of $1,065,000 and an allowance for doubtful accounts of $99,500 as of 12/31/16. In 2017 they have credit sales of $2,900,000, cash collections on account of $3,050,000, and uncollectible account write-offs of $109,000. Their financial manager estimates 14%of their accounts receivables will be uncollectible on December 31, 2017 A. REQUIRED: Complete the below T-Accts for 2017 including the beginning balances provided and the relevant activity from the journal entries required in parts B. -E Allowance for Uncollectible Accounts Accounts Receivable Bad Debt Expense 1524 B. REQUIRED Provide the journal entry for Donovan for the credit sales for 2017 ACCT Debit Credit

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