Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 06 May 2018 My Price 8.00

Splish Brothers Inc

Brief Exercise 8-4 of 2016, Splish Brothers Inc. has accounts receivable of $675,100 and an allowance for doubtful accounts of $24,370 At the end 1. On January 24, 2017, it is learned that the companys receivable from Madonna Inc. is not collectible and therefore management authorizes a write-off of $4,127 2. On March 4, 2017, Splish Brothers Inc. receives payment of $4,127 in full from Madonna Inc. Prepare the journal entries to record this transaction (Credit account titles are automatically indented when amount is entered. Do not indent manually) No. Account Titles and Explanation Debit Credit 2. (To record recovery of accounts receivable.) (To record collection of accounts receivable

Show transcribed image text At the end of 2016, Splish Brothers Inc. has accounts receivable of $675, 100 and an allowance for doubtful accounts of $24, 370. 1. On January 24, 2017, it is learned that the company's receivable from Madonna Inc. is not collectible and therefore management authorizes a write-off of $4, 127. 2. On March 4, 2017, Splish Brothers Inc. receives payment of $4, 127 in full from Madonna Inc. Prepare the journal entries to record this transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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Maurice Tutor
(5)
Status NEW Posted 06 May 2018 05:05 PM My Price 8.00

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