Accounting equation be impacted by these transactions

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Reference no: EM131442433

Ansari had the following transactions: 1. Sales of $ 1,000,000 2. Ansari estimated that 1% of the sales will be uncollectible. How will the accounting equation be impacted by these transactions? Use the following columns for your accounting equation: Assets, Liabilities, Stock, Retained Earnings, Revenue, Expenses 2. Ansari had the following balances: Accounts Receivable $ 34,500; Allowance for Doubtful Accounts $ 4,000. During the year, Ansari wrote off $ 750 of accounts receivable. How will the accounting equation be impacted by these transactions? Use the following columns for your accounting equation: Cash, Accounts Receivable, Other Assets, Liabilities, Stock, Retained Earnings

Reference no: EM131442433

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