1. A company, extends credit to its customers. Total Sales is 2 Million, credit Sales...
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1. A company, extends credit to its customers. Total Sales is 2 Million, credit Sales is 850,000, Sales Return is 305,000, with percent of uncollectibility set at 4% What is the journal entry under percentage of net credit sales? 2. A company, extends credit to its customers. Total Sales is 2 Million, credit Sales is 850,000, Sales Return is 305,000, with percent of uncollectibility set at 4%. Beginning Accounts Receivable is 400,000, ending balance is at 735,750. What is the journal entry using Percentage of Accounts Receivable?
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