( a) Journal Entry:
Date | Account Name | Debit | Credit |
Jan 24,2017 | Allowance For Doubtful Accounts | $4,415 | |
To Account Receivable | $4,415 | ||
( To record the write off.) |
(B)
Before write off | After Write Off | |
Cash Realizable Value |
$ 641,920 |
$641,920 |
($665400- $23,480) | [ ( 665400- 4415) - ( $23480- 4415) ] |
Note:
( Amount will be same before and after as account receivabld and allowance will decrease by same amount.)
how do i do this Brief Exercise 3-3 At the end of 2016, Sheridan Company has...
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at the end of 2021, Teal Mountain CO has accounts
receivable
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