Question

its not complete, so can you complete it?

This window shows what is correct and incorrect for the work you have completed so far Even if all of the work you have done so far is correct, you may not have completed everything 1 10 1 .00 points Daley Company estimates uncollectible accounts using the allowance method at December 31. It prepared the following aging of receivables analysis, Days Past Due Accounts receivable Perpent uncollectible Tota $570,000 $300,000 1 to 30 $90,000 31 to 60 $30,000 61 to 90 $18,000 Over 90 $30,000 10% On February 1 of the next period, the company determined that 80.800 in customer accounts is uncollectible: specifically, 5000 for Oakley Co. and $5,000 for Brookes Co. Prepare the journal entry to write off those accounts. On June 5 of that next period, the company unexpectedly received a $900 payment on a customer account, Oakley Company, that had previously been written off in part a. Prepare the entries necessary to reinstate the account and to record the cash received Answer is not complete. Date Debit Credit Feb 01 General Journal Allowance for doubtful accounts Accounts receivable-Oakley Co. 8,800 000 Jun 05 900 Accounts receivable Oakley Co. Allowance for doubtful accounts lolo 000 Jun 06 900 Cash Accounts receivable Oakley Co. 900

Answer 1

No	Date	General journal	Debit	Credit
1	Feb 01	Allowance for doubtful accounts	6800
		Account receivable-Oakley Co		900
		Account receivable-Brookes Co		5900
2	Jun 05	Account receivable-Oakley Co	900
		Allowance for doubtful account		900
3	Jun 05	cash	900
		Account receivable-Oakley Co		900