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Journalize the transaction for alpha

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Reference no: EM132973395

Problem a) On 20/2/2021, Quickprofit was able to collect $150 of Alpha stores' debt which was written off on 31/12/2020

Problem b) The uncollectible debts on 31/12/2020 were estimated at 1% of A/R. Journalize the transaction.

Problem c) The outstanding balance of $300 of Alpha Stores is deemed uncollectible and is to be written off on 31/12/2020. Journalize the transaction.

Reference no: EM132973395

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