FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Trade receivables (net of allowances of $45 at December 31, 2022 and $37 at December 31, 2021) December 2022: $3,088 December 2021: $2,337 Other receivables (net of allowances of $59 at December 31, 2022 and $49 at December 31, 2021) December 2022: $819 December 2021: $851 Calculate average
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- John Lee Wholesale provides the following information: Accounts Receivable - 01/07/2020 $150 Accounts Receivable - 30/06/2021 900 Cash received from accounts receivable 8,050 What would be the credit sales for the year? Select one: 8,950 750 8,800 1,050arrow_forwardHi, How do I organize these transactions ? Thanksarrow_forwardTyla's bakery estimates the allowance for uncollectible accounts at 1% of the ending balance of accounts receivable. During 2024, Tyla's credit sales and collections were $117,000 and $141,000, respectively. What was the balance of accounts receivable on January 1, 2024, if $240 in accounts receivable were written off during 2024 and if the allowance account had a balance of $750 on December 31, 2024? A.) $41,000 B.) $480 C.) $99,240 D.) None of these answer choices are correct.arrow_forward
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