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Assume the following information for Larry Corp. Journalize receivables transactions. Accounts receivable (beginning balance) $142,000 Allowance for doubtful accounts (beginning balance) 11,360 Net credit sales 945,000 Collections 910,000 Write-offs of accounts receivable 5,200 Collections of accounts previously written off 1,900 Uncollectible accounts are expected to be 8% of the ending balance in accounts receivable. Instructions a. Prepare the entries to record sales and collections during the period. b. Prepare the entry to record the write-off of uncollectible accounts during the period. c. Prepare the entries to record the recovery of the uncollectible account during the period.

User SeniorLee
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Answer:

Following are the Journal entry to the question in the attached file.

Step-by-step explanation:

Assume the following information for Larry Corp. Journalize receivables transactions-example-1
User Alex Mann
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