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Business, 28.03.2020 01:42 sashie0

ASsume the following information:

Accounts receivable (beginning balance) $140,000
Allowance for doubtful accounts (beginning balance) 11,490
Net credit sales 938,000
Collections 915,000
Write-offs of accounts receivable 5,900
Collections of accounts previously written off 2,000

Uncollectible accounts are expected to be 7% of the ending balance in accounts receivable.

Prepare the entries to record sales and collection during the period.

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ASsume the following information:

Accounts receivable (beginning balance) $140,000
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