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    Trinniemon's Avatar
    Trinniemon Posts: 2, Reputation: 1
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    #1

    Jul 1, 2011, 08:51 PM
    Transactions in 2004 include the following:
    Transactions in 2004 include the following:
    1.Accounts receivable of $138,000 were collected including accounts of $40,000 on which 2% sales discounts were allowed.
    2.$6,300 was received in payment of an account which was written off the books as worthless in 2003. (Hint: Reestablish the receivable account.)
    3.Customer accounts of $17,500 were 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.
    dom.b.fortin's Avatar
    dom.b.fortin Posts: 27, Reputation: 1
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    #2

    Jul 7, 2011, 01:50 AM
    What is the question?
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