Homework Help Forum: accounting

Posted by Jamie on Wednesday, October 14, 2009 at 3:35pm.

I was given gross accounts receivable $15,200,000 and $17,600,000 respectively; allowance for uncollectible accounts at the begining and end of the year $1,400,000 and $1,550,000; expense for estimated uncollectible accouts $750,00 which was 1% of sales; no recoveries of accounts written off in previous years. I need to reconstruct the journal entries using th allowance method

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