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3 years ago

For a business that uses the allowance method of accounting for uncollectible receivables:

Business

1 answer:

Yuri [45]3 years ago

3 0

Answer:

The Journal entries to record the given transactions would be:

Account Title Debit Credit

(1) Uncollectible Accounts Expense 18,600

Allowance for Doubtful Accounts 18,600

($600 + $18,000)

(2) Allowance for Doubtful Accounts 350

Accounts Receivable—Fronk Co. 350

(3) Accounts Receivable—Fronk Co. 200

Allowance for Doubtful Accounts 200

Cash 200

Accounts Receivable—Fronk Co. 200

(4) Cash 400

Allowance for Doubtful Accounts* 200

Accounts Receivable—Dodger Co. 600

($600 - $400)*

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Explanation:

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2 years ago

$1500 for supplies to sell at a football game. Total receipts for the venue was $3,700. What were her expenses as a percentage o

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Answer:

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Explanation:

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