Solution-Create the adjusting entries for the allowance

Create the adjusting entries for the allowance

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Reference no: EM131938867

Question - The following information is obtained from the accounting records of Becker Inc.

Sales - $750,000

Accounts Receivable December 31, 2011 - $125,000

Allowances for Doubtful Accounts - $1,300 (CR)

Sales Discount - $50,000

Sales Return and Allowances - $12,000

Create the adjusting entries for the allowance for doubtful accounts under the following assumptions:

(a) 2% of the current accounts receivables are uncollectible.

(b) 2.5% of net sales are uncollectible.

Reference no: EM131938867

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Create the adjusting entries for the allowance

Reference no: EM131938867

Reference no: EM131938867

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