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Unformatted text preview: Allowance Beginning balance (20X7) $ 1,500,000 $ 40,000 Sales on account (20X7)--Collections on account (20X7)--Sales discounts (20X7)--Accounts written off (20X7)--Additions to allowance (20X7)--Ending balance (20X7)-$ -$ Receivables Allowance Beginning balance (20X8) $ - $ - Sales on account (20X8)--Collections on account (20X8)--Sales discounts (20X8)--Accounts written off (20X8)--Subtotals-$ -$ * Additions to allowance (20X8)--Ending balance (20X8)-$ -$ * (c) 3 of 3...
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This note was uploaded on 02/29/2012 for the course ACCOUNTING 101 taught by Professor Hudack during the Spring '11 term at FIU.
- Spring '11