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Category > Management Posted 25 Jun 2018 My Price 4.00

Costello Company

Exercise 9-3 (Part Level Submission)

The ledger of Costello Company at the end of the current year shows Accounts Receivable $121,000, Sales Revenue $854,000, and Sales Returns and Allowances $31,000.

 

(a)

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 $2,100 balance is uncollectible. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

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Maurice Tutor
(5)
Status NEW Posted 25 Jun 2018 11:06 PM My Price 4.00

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