At December Monty Imports reported this information on its balance sheet.
During the company had the following transactions related to receivables.
Sales on account
Sales returns and allowances
Collections of accounts receivable
Writeoffs of accounts receivable deemed uncollectible
$
a
Your answer is correct.
amounts using either a negative sign preceding the number eg or parentheses eg Your answer is correct.
Record transactions through Omit recording cost of goods sold.Enter negative amounts using either a negative sign preceding the number eg or parentheses eg
List of Accounts d
Your answer is partially correct.
Indicate how accounts receivable and the allowance for doubtful accounts will be reported on the December balance sheet.
MONTY IMPORTS
Balance Sheet
December
Assets
Current Assets
Accounts Receivable
Allowance for Doubtful Accounts
please show me the balance sheet, the red boxes mean its wrong! Others are correct
