2002 Dec 1 5 10 13 14 17 21 24 31 2003 June July June 30 31 30 Wrote off Sally Smith”s account as uncollectible Received a cheque in the mail from Sally Smith for $3,000 along with a letter of apology saying that she won”t be able to pay more than this, Deposit 667 If Bate Consultants had been using the direct write-off method, what would the June 30 entry have been? What is the Accounts Receivables Turnover for 2002? _______________________________ What does this mean? _________________________________________________________ Calculate the Days Sales Uncollected for 2002: ____________________________________ What does this mean? _________________________________________________________ Is this good?
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