Question

Calculator Print Item Show Me How еВook Entries for uncollectible accounts, using direct write-off method Chart of Accounts Journal Instructions Instructions Sold merchandise on account to Dr. Kyle Norby, $17,190. The cost of the goods sold was $9,550 19 Jan. Received $5,500 from Dr. Kyle Norby and wrote off the remainder owed on the sale of January 19 as 2 June uncollectible. Reinstated the account of Dr. Kyle Norby that had been written off on June 2 and received $11,690 Oct. 23 cash in full payment Journalize the above transactions in the accounts of Canyon River Medical Co., a medical equipment company that uses the direct write-off method of accounting for uncollectible recelvables, Refer to the Chart of Accounts for exact wording of account titles. Activate Windows Go to Settings to activate Windows Novt

Answer 1

Date	Description	Debit	Credit	Assets	Liabilites	Equity
Jan 19	Accounts Receivable-Dr. Kyle Norby	17190		↑
	Sales		17190			↑
Jan 19	Cost of goods sold	9550				↓
	Inventory		9550	↓
June 2	Cash	5500		↑
	Bad debts expense	11690				↓
	Accounts Receivable-Dr. Kyle Norby		17190	↓
Oct 23	Accounts Receivable-Dr. Kyle Norby	11690		↑
	Bad debts expense		11690			↑
Oct 23	Cash	11690		↑
	Accounts Receivable-Dr. Kyle Norby		11690	↓