Solution-Determine the ending balance in Accounts Receivable

Determine the ending balance in Accounts Receivable

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Reference no: EM132713236

Question - Assume the following information for Tamarisk Corp.

Accounts receivable (beginning balance) $151,000

Allowance for doubtful accounts (beginning balance$11,500

Net credit sales $950,000

Collections $907,000

Write-offs of accounts receivable $5,600

Collections of accounts previously written off $1,600

Uncollectible accounts are expected to be 8% of the ending balance in accounts receivable.

Required -

(a) Prepare the entries to record sales and collections during the period.

(b) Prepare the entry to record the write-off of uncollectible accounts during the period.

(d) Determine the ending balance in Accounts Receivable and the unadjusted balance in Allowance for Doubtful Accounts.

(e) Prepare the entry to record bad debt expense for the period.

(f) Determine the ending (adjusted) balance in Allowance for Doubtful Accounts.

Reference no: EM132713236

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Determine the ending balance in Accounts Receivable

Reference no: EM132713236

Reference no: EM132713236

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