During Burns company's first year of operations, credit sales totaled $166,000 and collections on credit...
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During Burns company's first year of operations, credit sales totaled $ and collections on credit sales totaled $ Burns estimates that bad debt losses will be of credit sales. By yearend, Burns had written off $ of as specific account uncollectible. Prepare journal entry relative to uncollectible accounts and bad debt expense Show yearend presentation of balance sheet accounts
During Burns company's first year of operations, credit sales totaled $ and collections on credit sales totaled $ Burns estimates that bad debt losses will be of credit sales. By yearend, Burns had written off $ of as specific account uncollectible.
Prepare journal entry relative to uncollectible accounts and bad debt expense
Show yearend presentation of balance sheet accounts
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