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    The Statement of Financial Position of Stancia Sa at December

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    Charlotte
    The document summarizes the statement of financial position of Stancia SA as of December 31, 2018 and lists transactions that occurred in 2019, including the collection of accounts receivable, receipt of payment for a previously written-off account, writing off of uncollectible accounts receivable, and estimating the allowance for doubtful accounts.

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    The Statement of Financial Position of Stancia Sa at December

    Uploaded by

    Charlotte
    260 views1 page
    The document summarizes the statement of financial position of Stancia SA as of December 31, 2018 and lists transactions that occurred in 2019, including the collection of accounts receivable, receipt of payment for a previously written-off account, writing off of uncollectible accounts receivable, and estimating the allowance for doubtful accounts.

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    The document summarizes the statement of financial position of Stancia SA as of December 31, 2018 and lists transactions that occurred in 2019, including the collection of accounts receivable, receipt of payment for a previously written-off account, writing off of uncollectible accounts receivable, and estimating the allowance for doubtful accounts.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    260 views1 page

    The Statement of Financial Position of Stancia Sa at December

    Uploaded by

    Charlotte
    The document summarizes the statement of financial position of Stancia SA as of December 31, 2018 and lists transactions that occurred in 2019, including the collection of accounts receivable, receipt of payment for a previously written-off account, writing off of uncollectible accounts receivable, and estimating the allowance for doubtful accounts.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    The statement of financial position of Stancia SA at

    December

    The statement of financial position of Stancia SA at December 31, 2018, includes the following
    (in thousands).

    The statement of financial position of Stancia SA at December 31, 2018, includes the following
    (in thousands).

    Transactions in 2019 include the following.

    1. Accounts receivable of R$138,000 were collected including accounts of R$60,000 on which


    2% sales discounts were allowed.

    2. R$5,300 was received in payment of an account which was written off the books as worthless
    in 2019.

    3. Customer accounts of R$17,500 were written off during the year.

    4. At year-end, Allowance for Doubtful Accounts was estimated to need a balance of R$20,000.
    This estimate is based on an analysis of aged accounts receivable.

    Instructions

    Prepare all journal entries necessary to reflect the transactions above.

    The statement of financial position of Stancia SA at December


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