The ledger of costello company

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Reference no: EM13942067

The ledger of Costello Company at the end of the current year shows Accounts Receivable $122,600, Sales Revenue $847,600, and Sales Returns and Allowances $24,200.

If Costello uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Costello determines that L. Dole's $2,200 balance is uncollectible.

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Reference no: EM13942067

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