Business, 16.04.2021 19:50, Angeldelissa

Assume the following information for Windsor Corp. Accounts receivable (beginning balance) $139,000
Allowance for doubtful accounts (beginning balance) 11,450
Net credit sales 940,000
Collections 917,000
Write-offs of accounts receivable 5,600
Collections of accounts previously written off 1,600

Uncollectible accounts are expected to be 9% of the ending balance in accounts receivable.

Required:
Prepare the entries to record sales and collections during the period.

Answers: 3

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Assume the following information for Windsor Corp. Accounts receivable (beginning balance) $139,000...