In 2013, Grant Corporation recorded credit sales of $3,200,000 and bad debts expense of $42,000....
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Accounting
In 2013, Grant Corporation recorded credit sales of $3,200,000 and bad debts expense of $42,000. Write-offs of uncollectible accounts totaled $39,000 and one account, worth $12,000, that had been written off in an earlier year was collected in 2013.
a. Prepare journal entries to record each of these transactions.
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