Business, 02.04.2020 01:25 xojade

Susan Knoll is an attorney in Los Angeles. Knoll uses the direct write-off method to account for uncollectible receivables. At January 31, 2016, Knoll's accounts receivable totaled S18,OOO. During February, she earned revenue of $21,000 on account and collected $23,000 on account. She also wrote off uncollectible receivables of $1,050 on February 29, 2016.

Requirements

1. Use the direct write-off method to journalize Knoll's write-off of the uncollectible receivables.

2. What is Knoll's balance of Accounts Receivable at February 29, 2016?

Answers: 1

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Susan Knoll is an attorney in Los Angeles. Knoll uses the direct write-off method to account for unc...

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