Homework Answers
Journal entry
| Date | general journal | Debit | Credit |
| May 24 | Account receivable | 24450 | |
| Sales revenue | 24450 | ||
| May 24 | Cost of goods sold | 14500 | |
| Inventory | 14500 | ||
| Sep 30 | Cash | 9000 | |
| Allowance for doubtful account | 15450 | ||
| Account receivable | 24450 | ||
| Dec 7 | Account receivable | 15450 | |
| Allowance for doubtful accounts | 15450 | ||
| Dec 7 | Cash | 15450 | |
| Account receivable | 15450 | ||
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entries for uncollectible receivables, using allowance method
journalize the following transactions of Zippy Interior
Bock Show...
EX 8-4 Entries for uncollectible receivables, using allowance method Obj. 4 Journalize the following transactions i...
EX 8-4 Entries for uncollectible receivables, using allowance method Obj. 4 Journalize the following transactions in the accounts of Zippy Interiors Company, a restaurant supply company that uses the allowance method of accounting for uncollectible receivables: SHOW ME HOW May 24. Sold merchandise on account to Old Town Cafe, $24,450. The cost of goods sold was $14,500. Sept. 30. Received $9,000 from Old Town Cafe and wrote off the remainder owed on the sale of May 24 as uncollectible. Dec. 7. Reinstated the account...
Entries for Uncollectible Receivables, using Allowance Method Journalize the following transactions in the accounts of Zippy...
Entries for Uncollectible Receivables, using Allowance Method Journalize the following transactions in the accounts of Zippy Interiors Company, a restaurant supply company that uses the allowance method of accounting for uncollectible receivables: May 24 Sold merchandise on account to Old Town Cafe, $16,300. The cost of goods sold was $11,700, Sept. 30 Received $3,700 from Old Town Cafe and wrote off the remainder owed on the sale of May 24 as uncollectible. Dec. 7 Reinstated the account of Old Town...
Obj. 4 Journalize the following transactions in the accounts of Zippy Interiors Company, a restaurant supply...
Obj. 4 Journalize the following transactions in the accounts of Zippy Interiors Company, a restaurant supply company that uses the allowance method of accounting for uncollectible receivables: May 24. Sold merchandise on account to Old Town Cafe, $24,450. The cost of goods sold was $14,500. Sept. 30. Received $9,000 from Old Town Cafe and wrote off the remainder owed on the sale of May 24 as uncollectible. Dec. 7. Reinstated the account of Old Town Cafe that had been written...
Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables: Oct....
Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables: Oct. 2. Received $2,690 from Keith MacPhearson and wrote off the remainder owed of $4,410 as uncollectible. If an amount box does not require an entry, leave it blank. Oct. 2 Dec. 20. Reinstated the account of Keith MacPhearson and received $4,410 cash in full payment. Reinstate Collection -
Please help. Read the information. May 24 Sold merchandise on account to Old Town Cafe $36,010. The cost of the go...
Please help. Read the information.
May 24 Sold merchandise on account to Old Town Cafe $36,010. The cost of the goods sold was $22,050 Sept. 30 Received $11,500 from Old Town Cafe and wrote off the remainder owed on the sale of May 24 as uncollectible. Dec. 7 Reinstated the account of Old Town Cafe that had been written off on September 30 and received $24,510 cash in full payment. Journalize the above transactions in the accounts of Zippy Interiors...
Journalize the following transactions, using the allowance method of accounting for uncollectible receivables. Mar. 17: Received...
Journalize the following transactions, using the allowance method of accounting for uncollectible receivables. Mar. 17: Received $3,500 from Keith MacPhearson and wrote off the remainder owed of $7,530 as uncollectible. If an amount box does not require an entry, leave it blank. Mar. 17 July 29: Reinstated the account of Keith MacPhearson and received $7,530 cash in full payment. х Accounts Receivable-Keith MacPhearson v Reinstate 7,530 Allowance for Doubtful ACCounts v х Cash v Collection х Accounts Receivable-Keith MacPhearson
allowance method Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible...
allowance method
Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables Oct. 2. Received $2,940 from lan Kearns and wrote off the remainder owed of $7,200 as uncollectible. If an amount box does not require an entry, leave it blank. Oct. 2 - Dec. 20. Restated the account of lan Kearns and received 57,200 cash in full payment. Restate Collection
May 24 Sold merchandise on account to Old Town Cafe $18,450. The cost of goods sold...
May 24 Sold merchandise on account to Old Town Cafe $18,450. The cost of goods sold was $11,000. Sept. 30 Received $6,000 from Old Town Cafe and wrote off the remainder owed on the sale of May 24 as uncollectible. Dec. 7 Reinstated the account of Old Town Cafe that had been written off on September 30 and received $12,450 cash in full payment. Journalize the above transactions in the accounts of Zippy Interiors Company, a restaurant supply company that...
Journalize the following transactions using the allowance method of accounting for uncollectible receivables. April 1 Sold...
Journalize the following transactions using the allowance method of accounting for uncollectible receivables. April 1 Sold merchandise on account to Jim Dobbs, $7,410. The cost of the merchandise is $3,705. April 1 April 1 June 10 Received $2,470 from Jim Dobbs and wrote off the remainder owed of $4,940. If amount box does not require an entry, leave it blank or enter "O". June 10 Oct. 11 Reinstated the account of Jim Dobbs and received $4,940 cash in full payment....
Problem 1: Journalize the following transactions using the allowance method of accounting for uncollectible receivables. ...
Problem 1: Journalize the following transactions using the allowance method of accounting for uncollectible receivables. Apr. 1 Sold merchandise on account to Rhen Smithe, $25,000. The cost of the merchandise is $9,200. Sep. 10 Received payment for one-fifth of the receivable from R. Smithe and wrote off the remainder. Dec. 9 Reinstated the account of R. Smithe and received cash in full payment. ANSWER: Journal Page 6 Date Description Debit Credit Problem 2: List at least four indicators that a receivable may be...
Entries for Uncollectible Receivables, using Allowance Method Journalize the following transactions in the accounts of Zippy Interiors Company, a restaurant supply company that uses the allowance method of accounting for uncollectible receivables: May 24 Sold merchandise on account to Old Town Cafe, $16,300. The cost of goods sold was $11,700, Sept. 30 Received $3,700 from Old Town Cafe and wrote off the remainder owed on the sale of May 24 as uncollectible. Dec. 7 Reinstated the account of Old Town...
Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables: Oct. 2. Received $2,690 from Keith MacPhearson and wrote off the remainder owed of $4,410 as uncollectible. If an amount box does not require an entry, leave it blank. Oct. 2 Dec. 20. Reinstated the account of Keith MacPhearson and received $4,410 cash in full payment. Reinstate Collection -
Please help. Read the information.
May 24 Sold merchandise on account to Old Town Cafe $36,010. The cost of the goods sold was $22,050 Sept. 30 Received $11,500 from Old Town Cafe and wrote off the remainder owed on the sale of May 24 as uncollectible. Dec. 7 Reinstated the account of Old Town Cafe that had been written off on September 30 and received $24,510 cash in full payment. Journalize the above transactions in the accounts of Zippy Interiors...
Journalize the following transactions, using the allowance method of accounting for uncollectible receivables. Mar. 17: Received $3,500 from Keith MacPhearson and wrote off the remainder owed of $7,530 as uncollectible. If an amount box does not require an entry, leave it blank. Mar. 17 July 29: Reinstated the account of Keith MacPhearson and received $7,530 cash in full payment. х Accounts Receivable-Keith MacPhearson v Reinstate 7,530 Allowance for Doubtful ACCounts v х Cash v Collection х Accounts Receivable-Keith MacPhearson
allowance method
Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables Oct. 2. Received $2,940 from lan Kearns and wrote off the remainder owed of $7,200 as uncollectible. If an amount box does not require an entry, leave it blank. Oct. 2 - Dec. 20. Restated the account of lan Kearns and received 57,200 cash in full payment. Restate Collection
Journalize the following transactions using the allowance method of accounting for uncollectible receivables. April 1 Sold merchandise on account to Jim Dobbs, $7,410. The cost of the merchandise is $3,705. April 1 April 1 June 10 Received $2,470 from Jim Dobbs and wrote off the remainder owed of $4,940. If amount box does not require an entry, leave it blank or enter "O". June 10 Oct. 11 Reinstated the account of Jim Dobbs and received $4,940 cash in full payment....
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