Exercise 8-4 The ledger of Sunland Company at the end of the current year shows...
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Exercise 8-4 The ledger of Sunland Company at the end of the current year shows Accounts Receivable $76,600; Credit Sales $762,400; and Sales Returns and Allowances $42,520 (a) If Sunland Company uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Sunland Company determines that Matisse's $963 balance is b If Allowance or Doubtful Accounts has a credit balance o s 179 in the trial balance, our alize the adusting entry at December 3i assuming bad debts are expected to be 1% of accounts rece vable C If Allowance for Doubtful Accounts has a debit balance of $550 n the trial balance ournalize the adjusting entry at December 31 assuming bad debts are expected to e 3% of accounts receivable. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. Account Titles and Explanation uncollectible Debit Credit Click if you would like to Show Work for this question: n Show Work
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