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3- On 10/1/2021, XYZ Company writes off as uncollectible 1% of its accounts receivable whose debit balance is 50,000 SAR
Posted: Sun Jun 05, 2022 7:27 pm
by answerhappygod
- 3 On 10 1 2021 Xyz Company Writes Off As Uncollectible 1 Of Its Accounts Receivable Whose Debit Balance Is 50 000 Sar 1 (29.19 KiB) Viewed 46 times
3- On 10/1/2021, XYZ
Company writes off as uncollectible 1% of its accounts receivable whose debit balance is 50,000 SAR. On 10/2/2021, one of the customer pays its debt 2,000 SAR, which XYZ
Company had written off on 10/1/2021. Before recording the increase in cash, XYZ
Company recorded the following entry a- Debit allowances for doubtful accounts for 500 and credit account receivables for 500 b- Debit account receivables for 500 and credit allowances for doubtful accounts for 500 c- Debit account receivables for 2,000 and credit allowances for doubtful accounts for 2,000 d- Debit account receivables for 20 and credit allowances for doubtful accounts for 20