Solution-Make entry to record the write-off of

Make entry to record the write-off of uncollectible accounts

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Reference no: EM132768521

Assume the following information for Teal Mountain Corp.

Accounts receivable (beginning balance) $143,000

Allowance for doubtful accounts (beginning balance) 11,340

Net credit sales 930,000

Collections 912,000

Write-offs of accounts receivable 6,400

Collections of accounts previously written off 2,200

Uncollectible accounts are expected to be 6% of the ending balance in accounts receivable.

Problem 1: Prepare the entries to record sales and collections during the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Problem 2: Prepare the entry to record the write-off of uncollectible accounts during the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Problem 3: Prepare the entries to record the recovery of the uncollectible account during the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Reference no: EM132768521

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Make entry to record the write-off of uncollectible accounts

Reference no: EM132768521

Reference no: EM132768521

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