employees. Accounts receivable are amounts due from customers and result from non-cash sales to customers.
Write the journal entries of the following transaction/events
(1) ABC soled \$26,000 on credit October 1, 2022 to XYZ Company
Date Particulars
Oct 1, 2022 DR CR
2. XYZ Company returned \$1000 products to ABC Company on 2 October 2, 2022
Date Particulars
Oct 2, 2022 DR CR
3. On October 3, 2022, ABC Company estimated that 10\% of the net credit sales will be remained uncollated based on the past experience. Give the journal entry to record this uncollectable amount.
Date Particulars
Oct 3, 2022 DR CR
4. On October 4, 2022, AB
books of records.