Date | Accounts Titles | Debit | Credit |
Oct. 2 | Cash | $2,690 | |
Allowance for Doubtful Accounts | $4,410 | ||
Accounts Receivable [$2,690 + $4,410] | $7,100 | ||
Dec. 20 | |||
Reinstate | Accounts receivable | $4,410 | |
Allowance for Doubtful Accounts | $4,410 | ||
Collection | Cash | $4,410 | |
Accounts Receivable | $4,410 |
Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables: Oct....
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
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...
Direct Write-Off Method Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables Oct. 2: Received $2,210 from Matthew Chapman and wrote off the remainder owed of $2,560 as uncollectible. If an amount box does not require an entry, le it blank. Oct. 2 Dec. 20: Reinstated the account of Matthew Chapman and received $2,560 cash in full payment. Dec. 20-Reinstate Dec
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....
direct write of method Ch 9-2 Practice Exercises Direct Write-Off Method Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables: Oct. 2: Received $2,930 from Ian Kearns and wrote off the remainder owed of $5,680 as uncollectible. If an amount box does not require an entry, leave it blank. Oct. 2 Dec. 20: Reinstated the account of lan Kearns and received $5,680 cash in full payment. Dec. 20- Reinstate Dec. 20-Collection
entries for uncollectible receivables, using allowance method journalize the following transactions of Zippy Interior Bock Show Me How Calculator Printem 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, $24,450. The cost of goods sold was $14,500. Sept. 30 Received $9,000 from Old Town Cafe and wrote...
Example Exercise 9-2 Allowance Method Journalize the following transactions using the allowance method of accounting for uncollectible receivables July 9 Received $1,200 from Jay Burke and wrote off the remainder owed of $3,900 as uncollectible. Oct. 11 Reinstated the account of Jay Burke and received $3,900 cash in full payment. 9-28
Entries for Uncollectible Accounts, using Direct Write-Off Method Journalize the following transactions in the accounts of Canyon River Medical Co., a medical equipment company that uses the direct write-off method of accounting for uncollectible receivables: Jan. 19 Sold merchandise on account to Dr. Kyle Norby, $6,400. The cost of goods sold was $3,000. June 2 Received $500 from Dr. Kyle Norby and wrote off the remai nder owed on the sale of January 19 as uncollectible. Oct. 23 Reinstated the...
CHAPTER 8 QUESTION 1: QUESTION 2: QUESTION 3: QUESTION 4: QUESTION 5: QUESTION 6: QUESTION 7: QUESTION 8: Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables Mar. 17: Received $2,700 from Keith MacPhearson and wrote off the remainder owed of $6,370 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 $6,370 cash in full payment. Reinstate...