Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver

تمرين 36

Applying the allowance method (percentage of sales) to account for uncollectibles
The Accounts receivable balance for Winter Retreats at December 31, 2011, was $18,000. During 2012, Winter completed the following transactions:
a. Sales revenue on account, $447,000 (ignore cost of goods sold).
b. Collections on account, $424,000.
c. Write-offs of uncollectibles, $5,900.
d. Uncollectible account expense, 2% of credit sales.
Requirement
1. Journalize Winter's 2012 transactions.