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Journal entry
| No | General Journal | Debit | Credit |
| a | Cash | 136500 | |
| Sales discount (50000*3%) | 1500 | ||
| Account receivable | 138000 | ||
| b | Account receivable | 4600 | |
| Allowance for doubtful accounts | 4600 | ||
| (To record reinstated) | |||
| Cash | 4600 | ||
| Account receivable | 4600 | ||
| (To record collection) | |||
| c | Allowance for doubtful accounts | 22500 | |
| Account receivable | 22500 | ||
| d | Bad debt expense (3240+600) | 3840 | |
| Allowance for doubtful accounts | 3840 |
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What am I getting wrong?
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Problem 7-6
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1.
Accounts receivable of $151,300 were collected including
accounts of $67,500 on which 4% sales discounts were allowed.
2.
$5,670 was received in payment of an account which was written
off the books as worthless in 2016.
3.
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3. (8 points) The balance
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*PLEASE TYPE THE ANSWER SO IT'S CAPABLE FOR ME TO COPY AND PASTE THANKS\ 3. (8...
*PLEASE TYPE THE ANSWER SO
IT'S CAPABLE FOR ME TO COPY AND PASTE THANKS\
3. (8 points) The balance sheet of Starsky Company at December
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include the following.1.Sales on credit for the year were
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were collected.3.Customer accounts of $34,000 were written off
during the year.4.At year-end, bad debts were estimated to be 5% of
the ending A/R balance (based on the...
help please asap On December 31, 2017, when its accounts receivable were $312,000 and its account...
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What am I getting wrong?
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Problem 7-6
The balance sheet of Ivanhoe Company at December 31, 2016,
includes the following.
Notes receivable
$51,200
Accounts receivable
195,600
Less: Allowance for doubtful accounts
24,600
$222,200
Transactions in 2017 include the following.
1.
Accounts receivable of $151,300 were collected including
accounts of $67,500 on which 4% sales discounts were allowed.
2.
$5,670 was received in payment of an account which was written
off the books as worthless in 2016.
3.
Customer accounts of $24,800 were written off during...
Problem 7-6 The balance sheet of Ayayai Company : December 31, 2016, includes the following- Notes receivable $41,800 Accounts receivable 185.800 Less: Allowance for doubtful accounts 23,100 $204,500 2017 include the following. Transactions i 1. Accounts receivable of $142,400 were collected including accounts of $66,500 on which 3% sales discounts were allowed. 2. $5,890 was received in payment of an account which was written off the books as worthless in 2016. 3. Customer accounts of $23,300 were written off during...
3. (8 points) The balance
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accounts(40,000)$460,000Transactions in 2019 include the
following.1.Sales on credit for the year were $1,000,000. (all
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ending A/R balance (based on the % of A/R method). Make sure to
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*PLEASE TYPE THE ANSWER SO
IT'S CAPABLE FOR ME TO COPY AND PASTE THANKS\
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31, 2018, includes the following.Accounts receivable500,000Less:
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include the following.1.Sales on credit for the year were
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were collected.3.Customer accounts of $34,000 were written off
during the year.4.At year-end, bad debts were estimated to be 5% of
the ending A/R balance (based on the...
help please asap
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