Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 2: (25 points) in november 2021 beds&co record

2: (25 points) In November 2021 Beds&Co recorded sales on account for 1,200,000, of which...

70.2K

Verified Solution

Question

Accounting

2: (25 points) In November 2021 Beds&Co recorded sales on account for 1,200,000, of which 87.000 turned out uncollectible In December 2022 the company made sales on account for 1,342,000 On January 31 the company writes off the accounts receivable estimated as uncollectible 1. Calculate the allowance for doubtful accounts that should be granted by the company On December 31(10 points) 2. Record the journal entries (10 points) 3. Suppose that one of the accounts receivable for 1,450 previously written off has finally be collected On March 1. Record the journal entries (5 points)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Answer one of the following questions (200 word minimum). PHIL 1. Discuss whether the analogy between a...

Psychology
Q

Write the main definition for the medical term blonborant

Biology
Q

0 8 9 Answer Q 8 Q 9 and Q 10 by appropriately matching the...

Physics
Q

Your medical research team is investigating the mean cost of a 30-day supply of a...

Basic Math
Q

The following histogram shows the percentage of residential properties in negative equity or near negative...

Statistics
Q

Use a graphing calculator to find the first 10 terms of the sequence an its...

Algebra
Q

Eli Lilly Corp, included the following footnote in its 2020 Form 10-K: Environmental Matters The...

Accounting
Q

Champion XI, a regional soccer team, play their weekly games in a stadium that can...

Accounting
Q

show work 6. Mary purchased a building to store inventory for her...

Accounting
Q

Which of the ff. statements is false regarding the consolidated statements? Subsidiary assets are adjusted...

Accounting
Q

The president of the retailer Prime Products has just approached the company's bank with a...

Accounting
Q

The price per $100 face value of the two-year, zero-coupon, risk-free bond is $ (Round...

Finance