Solution-Attempted to collect an account and, when

Attempted to collect an account and, when unsuccessful

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Reference no: EM13929802

Triplett Services Co. experienced the following events in 2013:

1. Provided services on account.
2. Collected cash for accounts receivable.
3. Attempted to collect an account and, when unsuccessful, wrote the amount off to uncollectible accounts expense.

Required:

Show the effect of each event on the elements of the financial statements, using a horizontal statements model like the one shown here. Use the following coding scheme to record your answers: increase is +, decrease is - , not affected is NA.

157_264-B-A-C-R (1670).png

In the cash flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity(FA).

Reference no: EM13929802

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Attempted to collect an account and, when unsuccessful

Reference no: EM13929802

Reference no: EM13929802

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