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To analyze the financial statements of a publicly traded company

To analyze the financial statements of a publicly traded company Obtain an annual report from a publicly traded corporation that is interesting to you. Be sure the company has property and equipment, intangible assets, and long-term debt on its balance sheet. Using techniques you have learned in the previous weeks, respond to the following questions.

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The ledger of Wainwright Company at the end

The ledger of Wainwright Company at the end of the current year shows Accounts Receivable $80,000; Credit Sales $997,000; and Sales Returns and Allowances $59,600. (a) If Wainwright uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Wainwright determines that Hiller’s $1,000 balance is uncollectible. (b)

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