Patterson's Commercial Metals, Inc. Financial Data for 2023 The ending Accounts Receivable are aged (with...
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Patterson's Commercial Metals, Inc. Financial Data for 2023 The ending Accounts Receivable are aged (with the corresponding uncollectibl Part A: Use the percentage of sales approach. 1.) Prepare the necessary adjusting entry for the end of 2023 . 2.) Determine the ending balance in Allowance for Uncollectible Accounts. 3.) And the Net Realizable value of Patterson's receivables for 2023. 4.) Calculate receivables turnover ratio and days sales to collect for 2023 . Part B: Do it all over again using the aging of receivables approach
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Patterson's Commercial Metals, Inc. Financial Data for 2023 The ending Accounts Receivable are aged (with the corresponding uncollectibl Part A: Use the percentage of sales approach. 1.) Prepare the necessary adjusting entry for the end of 2023 . 2.) Determine the ending balance in Allowance for Uncollectible Accounts. 3.) And the Net Realizable value of Patterson's receivables for 2023. 4.) Calculate receivables turnover ratio and days sales to collect for 2023 . Part B: Do it all over again using the aging of receivables approach 