Homework Answers
Answer.
| Date | Account Tittle | Debit | Credit |
| Jan.3 | Account Receivable- Trevor F. | $18,000 | |
| Sales | $18,000 | ||
| To record sales on account | |||
| Jan.15 | Cash | 17,640 | |
| Cash Discount | 360 | ||
| Account Receivable-Trevor | $18,000 | ||
| To Record cash and discount | |||
| Feb.5 | Account Receivable-Tabisco Inc. | 15,000 | |
| Sales | 15,000 | ||
| To Record Sale on account | |||
| Apr.5 | Cash | 8,000 | |
| Account Receivable-Tabisco Inc. | 8,000 | ||
| To record cash receipt | |||
| Sept.1 | Allowance for Doubtful Accounts | 7,000 | |
| Account Receivable-Tabisco Inc. | 7,000 | ||
| To write of uncollectible | |||
| Nov.3 | Account Receivable-Tabisco Inc. | 7,000 | |
| Allowance for Doubtful Accounts | 7,000 | ||
| To reinstate Account written off | |||
| Nov..3 | Cash | 3,000 | |
| Account Receivable-Tabisco Inc. | 3,000 | ||
| To record cash receipt from Tabisco Inc. |
* Remaining Amount to be received from Account Receivable is $4,000.
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