Allowance method:

Essay method

Question
  1. : c and balance sheet
    approaches.Tempe
    Company reported accounts receivable of $300,000 and an c for
    uncollectible accounts of $31,000 (credit) on the December 31, 19X2, balance
    sheet. The following data pertain to 19X3 activities and operations:

Sales
on account

 

$2,000,000

 

Cash
collections from credit customers

 

1,600,000

 

Sales
discounts

 

50,000

 

c & allo

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