Delores Cooper operates Cooper Garden Designs. Most of her customers pay cash so she uses the direct write-off method to account for uncollectible accounts recevable. On May 3, 2020, she determined that the $3,350 account for Wilma Benz was uncollectible. During 2020, she had total credit sales of $339,000. The December 31, 2020, balance Iin accounts receivable was $60,000. Required: Prepare Journal entry to record the May 3 write-off using the direct write-off method. View transaction list Journal entry worksheet 1 <> Record to write-off an uncollectible receivable using the direct write-off method.
Delores Cooper operates Cooper Garden Designs. Most of her customers pay cash so she uses the direct write-off method to account for uncollectible accounts recevable. On May 3, 2020, she determined that the $3,350 account for Wilma Benz was uncollectible. During 2020, she had total credit sales of $339,000. The December 31, 2020, balance Iin accounts receivable was $60,000. Required: Prepare Journal entry to record the May 3 write-off using the direct write-off method. View transaction list Journal entry worksheet 1 <> Record to write-off an uncollectible receivable using the direct write-off method.
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 10EB: Starlight Enterprises has net credit sales for 2019 in the amount of $2,600,325, beginning accounts...
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