Sales of $ 183,000 $ 158,000 on​ account $ 25,000for​ cash Ignore Cost of Goods SoldCollections on​ account $ 124,000​Write-offs of uncollectible​ receivables $ 2,500post mountaintop,s transaction to the accounts receivable and allowance for bad debts t accountenter the beginning balances and the journal entries, and then computer the unadjusted balance of each account

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A:

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is