Problem 7-6 The balance sheet of Starsky Company at December 31, 2010

Problem 7-6 The balance sheet of Starsky Company at December 31, 2010, includes the following. Notes receivable\$36,000 Accounts receivable182,100 Less: Allowance for doubtful accounts 17,300200,800 Transactions in 2010 include the following. 1.Accounts receivable of \$318,000 were collected including accounts of \$60,000 on which 2% sales discounts were allowed. 2.\$5,300 was received in payment of an account which was written off the books as worthless in 2010. (Hint: Reestablish the receivable account) 3.Customer accounts of \$17,500 written off during the year. 4.At year-end the Allowance for Doubtful Accounts was estimated to need a balance of \$20,000. this estimate is based on an analysis of aged accounts receivable. Instructions Prepare all journal entries necessary to reflect the transactions above

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Problem 7-6 The balance sheet of Starsky Company at December 31, 2010, includes the following. Notes receivable\$36,000 Accounts receivable182,100 Less: Allowance for doubtful accounts 17,300200,800 Transactions in 2010 include the following. 1.Account

Problem 7-6 The balance sheet of Starsky Company at December 31, 2010, includes the following. Notes receivable\$36,000 Accounts receivable182,100 Less: Allowance for doubtful accounts …

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Problem 7-6 The balance sheet of Starsky Company/Problem 7-3 (bad-debt reporting - Aging). Manilow Corporation

Problem 7-6 The balance sheet of Starsky Company at December 31, 2010, includes the following. Notes receivable\$36,000 Accounts receivable182,100 Less: Allowance for doubtful accounts …