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upton upton
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CJM Sales uses the direct write-off method in accounting for uncollectible accounts.
Record the following transactions in general journal form. Use the periodic method.

May 28    Sold merchandise on account to North End Motors for $18,000.
Jul 11    Received $13,000 from North End Motors on their account.
Jul 30    Wrote off the balance due as uncollectible.
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College Accounting: A Practical Approach

College Accounting: A Practical Approach


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keytwokeytwo
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