Put the transactions into a journal

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Question 1: Put the following transactions into a journal. (Which accounts are debited/credited and by how much )

a. On May 28th the Senior Accountant informs you that approximately 1% of all sales on account this month will likely not be collected. On May 31st sales on account amounted to $15,547. (Stage 1).

b. On December 31, the Senior Accountant decides that all uncollectable accounts should be written off and removed from the accounts receivable ledger. Currently the value of these accounts is $1,750. (Stage 2)

Reference no: EM132612639

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