Journalize mayhew’s transaction during 2015, assuming Mayhew uses the direct write off method
Do you believe current US policy with respect to your selected country makes sense? Why or why not?
August 5, 2017Summarize the main reason(s) that prompted Isuzu Australia Limited (IAL) to use collaboration technologies.
August 5, 2017Journalize mayhew’s transaction during 2015, assuming Mayhew uses the direct write off method
Journalizing transaction using the direct write- off method verses the allowance method
During July 2015, Mayhew company recorded the following:
1: Sales of $86500 ($70000 on account: $ 16500 for cash?
2? collections on account, $62200
3: Write- offs of uncollectable receivables $3200
4: Recovery of receivable previously written off, $2000
Requirements?
1: Journalize mayhew’s transaction during 2015, assuming Mayhew uses the direct write off method
2: Journalize mayhew’s transaction during July 2015, assuming Mayhew uses the allowance method.
