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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