P9-2B[1] - Problem 9-2B (35 minutes) 2008 a. Accounts...

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Problem 9-2B (35 minutes) 2008 a. Accounts Receivable . ........................................ 1,346,800 Sales . ............................................................. 1,346,800 To record sales on account. Cost of Goods Sold . ............................................ 980,300 Merchandise Inventory . ................................ 980,300 To record cost of sales. b. Cash . .................................................................... 666,300 Accounts Receivable . .................................. 666,300 To record cash received on account. c. Allowance for Doubtful Accounts . .................... 21,000 Accounts Receivable . .................................. 21,000 To record write-off of accounts. d. Bad Debts Expense . ........................................... 28,914 Allowance for Doubtful Accounts. .............. 28,914 To record estimated bad debts. * *Beginning receivables . .................... $ 0 Credit sales . ..................................... 1,346,800 Collections . ...................................... (666,300)
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This note was uploaded on 08/29/2011 for the course ACCT 106 taught by Professor A during the Spring '11 term at Ohio State.

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P9-2B[1] - Problem 9-2B (35 minutes) 2008 a. Accounts...

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