
Account Receivables: For any delivered goods or services, the cash owed by the customers that they need to pay to the business is called account receivables. In the
Determine the following with reference to the books of the Canyon Canoe Company-
1. Amount of
a. Percentage of sales method
b. Percentage of receivables method
c. Ageing of receivables method
2. Journal entry of Bad debts recorded by percentage of sales method
3. Journal entry of write-off of the Early Start Daycare invoice
4. Prepare T-accounts for
5. Show how the net accounts receivables will be reported in the balance sheet of the company as on June 30, 2019.

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Chapter 9 Solutions
ACCOUNTING PRINCIPLES V1 6/17 >C<
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