Business, 14.11.2019 03:31 bm42400

The balance sheet of cullumber company at december 31, 2019, includes the following.
notes receivable $44,400
accounts receivable 188,800
less: allowance for doubtful accounts 23,800 $209,400
transactions in 2020 include the following.
1. accounts receivable of $149,500 were collected including accounts of $64,100 on which 4% sales discounts were allowed.
2. $5,590 was received in payment of an account which was written off the books as worthless in 2019.
3. customer accounts of $24,000 were written off during the year.
4. at year-end, allowance for doubtful accounts was estimated to need a balance of $27,600. this estimate is based on an analysis of aged accounts receivable.
prepare all journal entries to reflect the transactions above.

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The balance sheet of cullumber company at december 31, 2019, includes the following.
notes re...

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