2: (25 points) In November 2021 Beds&Co recorded sales on account for 1,200,000, of which...
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Accounting
2: (25 points) In November 2021 Beds&Co recorded sales on account for 1,200,000, of which 87.000 turned out uncollectible In December 2022 the company made sales on account for 1,342,000 On January 31 the company writes off the accounts receivable estimated as uncollectible 1. Calculate the allowance for doubtful accounts that should be granted by the company On December 31(10 points) 2. Record the journal entries (10 points) 3. Suppose that one of the accounts receivable for 1,450 previously written off has finally be collected On March 1. Record the journal entries (5 points)
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