created in 2020) was uncollectible and that the accoun shuud beweisen off. W Ambals ComponenD On June 30, 2011, Zippy Cas Company conduded that a py's 2021 profit? Explain your answer. CHECK FIGURES: 2. Bad Debt Expense- $20.460 5. Bad Oett Expense $7.200 Problem 8-SA Accounts receivable transactions and bad debt adjustments LO1,2,3 Swiss Supplies showed the following selected adjusted balances at its December 31, 2019, year end Accounts Receivable Dec. 31/19 Balance 490,000 Allowance for Doubthul Accounts During 2020, the following selected transactions occurred: 16.400 Dec 31/19 Beance A Sales totalled $2,800,000, of which 25% were cash sales (cost of sales $1,804,000). & Sales returns were $108,000, half regarding credit sales. The returned merchandise was scrapped. e An account for $24,000 was recovered. d. Several accounts were written off: $26,000. Collections from credit customers totalled $1,790,000 (excluding the recovery in (c) above). e Part A Required 1. Journalize transactions (a) through (e). You may find it useful to post your entries to T-accounts for Accounts Receivable and Allowance for Doubtful Accounts. art B that uncollectible palance ble by Bor
