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Unformatted text preview: (b) ACCOUNTS RECEIVABLE ALLOWANCE FOR UNCOLLECTIBLES NET REALIZABLE VALUE UNCOLLECTIBLE ACCOUNTS EXPENSE To record the write-off of the Windy Point receivable $ (150,000) $ (150,000) $ - $ - To restore the portion of the Windy Point receivable that was collected To record the collection of the Windy Point receivable To record sales on account To record collections on account To record the write-off of accounts To establish the correct balance in the allowance for uncollectibles...
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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