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Business, 17.03.2020 05:15 ochoamiguel46
Journalize the following transactions in the accounts of Sedona Interiors Company, a Restaurant Supply Company that uses the allowance method of accounting for uncollectible receivables: May 1. Sold merchandise on account to Beijing Palace Co., $19,900. The cost of the merchandise sold was $14,300. Aug. 30. Received $4,200 from Beijing Palace Co. and wrote off the remainder owed on the sale of May 1 as uncollectible. Dec. 8. Reinstated the account of Beijing Palace Co. that had been written off on August 30 and received $15,700 cash in full payment.
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Journalize the following transactions in the accounts of Sedona Interiors Company, a Restaurant Supp...
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