Business, 21.02.2020 01:07 hddjdudusu

During 2019, Hungryman had $18,800,000 of credit sales, collected $17,945,000 of accounts receivable, and wrote off $60,000 of accounts receivable as uncollectible. At year end, Hungryman performs an aging of its accounts receivable balance and estimates that $52,000 will be uncollectible.1. Calculate Hungryman's preadjustment balance in accounts receivable on December 31, 2019.
2. Calculate Hungryman's preadjustment balance in allowance for doubtful accounts on December 31, 2019.
3.Prepare the necessary adjusting entry for 2019

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During 2019, Hungryman had $18,800,000 of credit sales, collected $17,945,000 of accounts receivable...