Question

Score: 0 of 1 pt E8-21 (similar to) lo Duna Aug 2013 Hei Comacorded the folog - of 10 (588.000 2.500 or Const. 73.000 1 Jou r 2016, se direct we method 2 mesindus 101. He wanted • Recovery ofreceti predly when 100 e s accions during .000 on 13.00 for c Requirement l 3101.900 2016 H e re with rore Gotof Goods Sold Record d e credite S o on S er Choose from any lost o r any number in the input fields and then chok Check Check

Answer 1

1.Direct Write off method
Date		Account titles and explanation		Debit(in $)	Credit(in $)
	Aug	Accounts Receivable		88,000
		Cash		13,900
		Sales Revenue			1,01,900
		Cash		73,600
		Accounts Receivable			73,600
		Bad debt expenses		1,680
		Accounts Receivable			1,680
		Accounts Receivable		1,100
		Bad debt expenses			1,100
2.Allowance method
Date		Account titles and explanation		Debit(in $)	Credit(in $)
	Aug	Accounts Receivable		88,000
		Cash		13,900
		Sales Revenue			1,01,900
		Cash		73,600
		Accounts Receivable			73,600
		Bad debt expenses		1,680
		Allowance for Bad debts			1,680
		Allowance for Bad debts		1,100
		Bad debt expenses			1,100