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The statement of financial position of Windsor Inc. at December 31, 2016,...

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Accounting

The statement of financial position of Windsor Inc. at December 31, 2016, includes the following:
Notes receivable $288,500
Accounts receivable 285,300
Less: Allowance for doubtful accounts (46,600 ) $527,200
Transactions in 2017 include the following:
1. Accounts receivable of $149,000 were collected. This amount includes gross accounts of $51,800 on which 2% sales discounts were allowed.
2. An additional $16,700 was received in payment of an account that was written off in 2017.
3. Customer accounts of $40,000 were written off during the year.
4.

At year end, Allowance for Doubtful Accounts was estimated to need a balance of $51,000. This estimate is based on an analysis of aged accounts receivable.

Prepare all necessary journal entries for Windsor Inc. to reflect the information above. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

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