Applying the allowance method to account for uncollectibles The Accounts Receiva

Question

Applying the allowance method to account for uncollectibles The Accounts Receivable balance and Allowance for Doubtful Accounts for Turning Leaves Furniture Restoration at December 31, 2015, was $10,800 and $2,000 (credit balance). During 2016, Turning Leaves completed the following transactions: Sales revenue on account, $265,800 (ignore Cost of Goods Sold). Collections on account, $220,000. Write-offs of Maealtoifeks, $6,100. Bad debts expense of $5,000 was recorded. Requirements Journalize Turning Leaves's, transactions for 2016 assuming Turning Leaves uses the allowance method.

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Applying the allowance method to account for uncollectibles The Accounts Receiva

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