PROBLEM 4 (10%) At December 1, 2020 PT A reported the following information: Accounts receivable...
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Accounting
PROBLEM 4 (10%) At December 1, 2020 PT A reported the following information: Accounts receivable Allowance for doubtful accounts 960.500 22.400 Cr During December, the company had the following transactions related to receivables: 1 Sales on account 3.215.600 2 Sales returns and allowances 52.450 3 Collection of accounts receivable 2.812.200 4 Write-offs of accounts receivable deemeed uncollectible 98.000 5 Recovery of bad debts previously written off as uncollectible 24.300 Instructions: a. Prepare the journal entries to record each transactions above. No need to record COGS. b. Prepare the journal entries to record bad debt expense at December 31 2020, assuming that an aging of accounts receivable estimates ending balance of AFDA is $72.900. c. Calculate the net Accounts Receivable balance at December 31, 2020
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