Acct7-5 - 6 Cash 367,500 Accounts Receivale (Collection on...

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Allowance for Doubful Accouts 1 Allowance for Doubtful Accounts 7,900 Accounts Receivable 7,900 Accounts receivable wriiten off during the year 2 Bad Debt Expense 7,500 Allowance for Doubtful Accounts 7,500 Estimated bad debts for year Allowance for Sales Returns and Allowances 3 Sales 5,096 Allowance for Sales Returns and Allowances 5,096 Gross sales returns and allowances (estimated for year) 4 Allowance for Sales Returns and Allowances 5,880 Accounts Receivable 5,880 Actual gross sales returns and allowances Accounts Receivable 5  Accounts Receivale 372,400 Sales 372,400 Credit sales during the year (terms 2/10, n/60)
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Unformatted text preview: 6 Cash 367,500 Accounts Receivale (Collection on AR net of sales d/c) 367,500 Cash collected on Accounts receivable during the year net of d/c taken 7 Accouts Receivable 400 Sales Discounts Not Taken 400 Sales discounts not taken at end of year Accounts Receivable Allowance for Doubtful Accounts Beg. Bal 186,000 7,900 7,900 Beg. Bal 7,400 372,400 5,880 7,500 367,500 End Bal 7,000 End Bal 177,120 Allowance for Sales Returns and Allowances 5,880 Beg. Bal 4,700 5,096 End Bal 3,916...
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This note was uploaded on 04/20/2010 for the course BA 450 taught by Professor Fults,g during the Fall '08 term at Humboldt State University.

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Acct7-5 - 6 Cash 367,500 Accounts Receivale (Collection on...

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