Wava Harrington ACG 2021 Week 4

Wava Harrington ACG 2021 Week 4 - General Instructions 1...

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General Instructions 1. The following worksheet may be used to complete the exercise/problem. You may need to refer to your textbook for additional information. 3. Submit your document to the Dropbox by Sunday, 11:59PM (Mountain). PROBLEM 7-1 ALLOWANCE METHOD FOR ACCOUNTING F 1) Cash Account recivable sales to record sales collections account receivable to record the acct moved to collecions write offs collection to record the accts moving from collections to write offs 2) a. collections accounts receviable recorded acct receviable to collection b. bad debit collection record collections moving to bad debit 3) What is the net realizable value of accounts receivable on December 31, 2016, under a. The net realizable value of accounts receivable on December 31, 2016, is: Accounts receivable, December 31 [from part (2b)] Allowance for doubtful accounts, December 31 Net realizable value, December 31
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