Assume the following information for Tamarisk Corp. Accounts receivable (beginning balance) Allowance for doubtful accounts...
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Accounting
Assume the following information for Tamarisk Corp. Accounts receivable (beginning balance) Allowance for doubtful accounts (beginning balance) Net credit sales Collections Write-offs of accounts receivable Collections of accounts previously written off $151,000 11,500 950,000 907,000 5,600 1,600 Uncollectible accounts are expected to be 8% of the ending balance in accounts receivable. 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.) Account Titles and Explanation Debit Credit (To reverse write-off of accounts receivable) (To record collection of accounts receivable)
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