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Business, 06.07.2021 16:10 capricorn0115

At January 1, 2018, Blue Mountain Flagpoles had Accounts Receivable of $31,000, and Allowance for Bad Debts had a credit balance of $4,000. During the year, Blue Mountain Flagpoles recorded the following: a. Sales of $184,000 ($159,000 on account; $25,000 for cash). Ignore Cost of Goods Sold.
b. Collections on account, $137,000.
c. Write-offs of uncollectible receivables, $2,400.

Required:
Journalize Blue's transactions that occurred during 2018.

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At January 1, 2018, Blue Mountain Flagpoles had Accounts Receivable of $31,000, and Allowance for Ba...
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