PLEASE ANSWER ALL PARTS OF THE QUESTION, THANK YOU! Assume the following information...
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Accounting
PLEASE ANSWER ALL PARTS OF THE QUESTION, THANK YOU!
Assume the following information for Windsor Corp. Accounts receivable (beginning balance): $140,000
Allowance for doubtful accounts (beginning balance): 11,490
Net credit Sales: 938,000
Collections: 915,000
Write-offs of accounts receivable: 5,900
Collections of accounts previously written off: 2,000
Uncollectible accounts are expected to be 7% of the ending balance in accounts receivable.
Prepare the entries to record sales and collections during the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Account Titles and Explanation
Debit
Credit
Prepare the entry to record the write-off of uncollectible accounts during the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Account Titles and Explanation
Debit
Credit
Prepare the entries to record the recovery of the uncollectible account during the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Account Titles and Explanation
Debit
Credit
Determine the ending balance in Accounts Receivable and the unadjusted balance in allowance for doubtful accounts.
Ending balance in Accounts Receivable:
$
Unadjusted balance in Allowance for Doubtful Accounts:
$
Answer & Explanation
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