Your Co. had sales of $15000, an ending A/R balance of $2400, and a dr....
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Accounting
Your Co. had sales of $15000, an ending A/R balance of $2400, and a dr. balance of $24 in the allowance account. Record the adjusting entry if 4% of A/R are uncollectible. Your Co. had sales of $12000, an ending A/R balance of $1800, and a cr. balance of $9 in the allowance account. Record the adjusting entry if 8% of A/R are uncollectible. Your Co. had sales of $19000, an ending A/R balance of $1900, and a cr. balance of $38 in the allowance account. Record the adjusting entry if 1% of sales are uncollectible. ercise 3 - Assume the allowance method unless indicated otherwise. Your Co. had sales of $10000, an ending A/R balance of $1500, and a dr. balance of $75 in the allowance account. Record the adjusting entry if 1% of sales are uncollectible. Your Co. had sales of $14000, an ending A/R balance of $1820, and a cr. balance of $54.6 in the allowance account. Record the adjusting entry if 3% of sales are uncollectible. Your Co. had sales of $13000, an ending A/R balance of $2340. Record the year end adjusting entry if Your Co. uses the direct writeoff method and estimates 1% of sales are uncollectible
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