Estimating and Recording Bad Debt Estimates and Write-Offs; Reporting of Accounts Receivable At December 31,...
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Estimating and Recording Bad Debt Estimates and Write-Offs; Reporting of Accounts Receivable At December 31, its annual year-end, the accounts of Sun Systems Inc. show the following. 1. $396,000 in sales revenue for the year, of which one-sixth was on account. 2. $1,980 credit balance in Allowance for Doubtful Accounts, as of December 31 of the prior year. 3. $39,710 debit balance in Accounts Receivable as of December 31 of the current year (prior to any write-offs of uncollectible accounts during the current year). 4. $2,310 in uncollectible accounts to be written off as of December 31 of the current year. 5. Aging schedule at December 31 of the current year, showing the following breakdown of total accounts receivable excluding amounts to be written off. Estimating and Recording Bad Debt Estimates and Write-Offs; Reporting of Accounts Receivable At December 31, its annual year-end, the accounts of Sun Systems Inc. show the following. 1. $396,000 in sales revenue for the year, of which one-sixth was on account. 2. $1,980 credit balance in Allowance for Doubtful Accounts, as of December 31 of the prior year. 3. $39,710 debit balance in Accounts Receivable as of December 31 of the current year (prior to any write-offs of uncollectible accounts during the current year). 4. $2,310 in uncollectible accounts to be written off as of December 31 of the current year. 5. Aging schedule at December 31 of the current year, showing the following breakdown of total accounts receivable excluding amounts to be written off
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Estimating and Recording Bad Debt Estimates and Write-Offs; Reporting of Accounts Receivable At December 31, its annual year-end, the accounts of Sun Systems Inc. show the following. 1. $396,000 in sales revenue for the year, of which one-sixth was on account. 2. $1,980 credit balance in Allowance for Doubtful Accounts, as of December 31 of the prior year. 3. $39,710 debit balance in Accounts Receivable as of December 31 of the current year (prior to any write-offs of uncollectible accounts during the current year). 4. $2,310 in uncollectible accounts to be written off as of December 31 of the current year. 5. Aging schedule at December 31 of the current year, showing the following breakdown of total accounts receivable excluding amounts to be written off. Estimating and Recording Bad Debt Estimates and Write-Offs; Reporting of Accounts Receivable At December 31, its annual year-end, the accounts of Sun Systems Inc. show the following. 1. $396,000 in sales revenue for the year, of which one-sixth was on account. 2. $1,980 credit balance in Allowance for Doubtful Accounts, as of December 31 of the prior year. 3. $39,710 debit balance in Accounts Receivable as of December 31 of the current year (prior to any write-offs of uncollectible accounts during the current year). 4. $2,310 in uncollectible accounts to be written off as of December 31 of the current year. 5. Aging schedule at December 31 of the current year, showing the following breakdown of total accounts receivable excluding amounts to be written off 