At January Mount Pleasant Flagpoles had Accounts Receivable of $ and Allowance for Bad Debts had a credit balance of $
Record the following transactions assuming the allowance method is used:
Sales of $$ on account, $ cash
Collections on account of $
Write offs of uncollectible receivables of $
Bonus questions:
Up to points Assuming a estimate of uncollectiblity and the Percentage of Sales method, how much should the ending balance of the Allowance for bad debts beRemember the beginning balance and adjustments
Up to points If the starting balance had been $ debit in the Allowance and management instead used the Aging of Accounts method and determined the ending balance should be $ what entry would need to be made?
