Wiley PLUS Assignment Week 2 Exercise E8-3

Feb 3rd, 2012
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Wiley PLUS Assignment Week 2 Exercise E8-3 The ledger of Hixson Company at the end of the current year shows Accounts Receivable $120,000, Sales $840,000, and Sales Returns and Allowances $30,000. If Hixson uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Hixson determines that Fell's $1,400 balance is uncollectible.

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