During August 2018 , Bingham Company recorded the following: bullet Sales of $ 68 comma 900 ($ 55 comma 000 on account; $ 13 comma 900 for cash). Ignore Cost of Goods Sold. bullet Collections on account, $ 45 comma 100. bullet Write-offs of uncollectible receivables, $ 1 comma 680. bullet Recovery of receivable previously written off, $ 300. Requirements 1. Journalize Bingham 's transactions during August 2018 , assuming Bingham uses the direct write-off method. 2. Journalize Bingham 's transactions during August 2018 , assuming Bingham uses the allowance method.
+5
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “During August 2018 , Bingham Company recorded the following: bullet Sales of $ 68 comma 900 ($ 55 comma 000 on account; $ 13 comma 900 for ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » During August 2018 , Bingham Company recorded the following: bullet Sales of $ 68 comma 900 ($ 55 comma 000 on account; $ 13 comma 900 for cash). Ignore Cost of Goods Sold. bullet Collections on account, $ 45 comma 100.