The balance sheet of Splish Company at December 31, 2024, includes the following. Transactions in...
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The balance sheet of Splish Company at December 31, 2024, includes the following. Transactions in 2025 include the following. 1. Accounts receivable of $141,400 were collected including accounts of $62,800 on which 2% sales discounts were allowed. 2. $5,900 was received in payment of an account which was written off the books as worthless in 2024 . 3. Customer accounts of $23,400 were written off during the year. 4. At year-end, Allowance for Doubtful Accounts was estimated to need a balance of $27,300. This estimate is based on an analysis of aged accounts receivable. Prepare all journal entries necessary to reflect the transactions above. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) 1. 2. (To reinstate the accounts receivable) (To record the collection on account) 3. 4
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