accounting queston 2

Accounting
Tutor: None Selected Time limit: 1 Day

i am stuck on the following problem. here is a pic of the problem

http://imgur.com/XHJfvMh

use this following link as a guide on how to show all work/how u got the answers

https://www.studypool.com/free/157147/accounting-q...

thanks in advance

Mar 10th, 2015

D=$4240

+opening allowance for dis allowance= nil

-Bad debt for year                                =nil

-closing allowance for dis allowance  =8% on sale account

     =8%*($53,000)

     =$4,240

Amount of uncollected amount recognized during the year(balancing figure)=$4,240
Mar 10th, 2015

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Mar 10th, 2015
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