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Test 2 Calculator ? Instruction Chart of Accounts General Journal Instruction Using the allowance method of accounting for unTest 2 Calculator ? Instruction Chart of Accounts General Journal 1 General Journal POST. REF. CREDIT Acco ASSETS DATE Apr 1

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Solution:

Date Explanation Debit Credit
01-Apr Accounts Receivable-Jim dobbs $8,700
        Sales $8,700
10-Jun Cash $2,900
Allowance for Doubtful Accounts $5,800
         Accounts Receivable $8,700
11-Oct Accounts Receivable $5,800
        Allowance for Doubtful Accounts $5,800
(To reinstate write-off)
11-Oct Cash $5,800
         Accounts Receivable $5,800
(To record collection of write off)
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