Business, 27.07.2020 01:01 nataliatf9833
At the beginning of 2016, EZ Tech Company's Accounts Receivable balance was $140,000, and the balance in Allowance for Doubtful Accounts was $2,350 (Cr.). EZ Tech's sales in 2016 were $1,050,000, 80% of which were on credit. Collections on account during the year were $670,000. The company wrote off $4,000 of uncollectible accounts during the year. Prepare summary journal entry related to the (a) sale during 2016.
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At the beginning of 2016, EZ Tech Company's Accounts Receivable balance was $140,000, and the balanc...
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