P7-6Solution - 5,300 Accounts Receivable.

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PROBLEM 7-6
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–1– Cash. ............................................................................ 136,800* Sales Discounts. ......................................................... 1,200 Accounts Receivable. ....................................... 138,000 *[$138,000 – ($60,000 X 2%)] –2– Accounts Receivable. ................................................ 5,300 Allowance for Doubtful Accounts. .................. 5,300 Cash. ............................................................................
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Unformatted text preview: 5,300 Accounts Receivable. ....................................... 5,300 –3– Allowance for Doubtful Accounts. ............................ 17,500 Accounts Receivable. ....................................... 17,500 –4– Bad Debt Expense. ..................................................... 14,900 Allowance for Doubtful Accounts. .................. 14,900* *($17,300 + $5,300 – $17,500 = $5,100; $20,000 – $5,100 = $14,900)...
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This note was uploaded on 02/14/2011 for the course ACCT 251 taught by Professor Bouker during the Spring '11 term at Bergen Community College.

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P7-6Solution - 5,300 Accounts Receivable.

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