The Accounts Receivable balance and Allowance for Bad Debts for Summer, Sand, and Castles Resort...
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The Accounts Receivable balance and Allowance for Bad Debts for Summer, Sand, and Castles Resort at December 31, 2023, was $10,800 and $2,000 (credit balance), respectively. During 2024, Summer, Sand, and Castles Resort completed the following transactions: Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize Summer, Sand, and Castles Resort's transactions for 2024 assuming Summer, Sand, and Castles Resort uses the allowance method. (Record debits first, then credits. Select the explanation or the last line of the journal entry table.) a. Sales revenue on account, $284,500 (ignore Cost of Goods Sold). Accounts and Explanation Credit Debit a. k the icon requiren More Info e expl ment 1. J Sand, a ne of the a. Sales revenue on account, $284,500 (ignore Cost of Goods Sold) b. Collections on account, $221,000. c. Write-offs of uncollectibles, $6,400. d. Bad debts expense of $5,600 was recorded. revenue a Print Done
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