Desert Landscape Supply completed the following selected transactions during 2024: Journalize the transactions for Desert Landscape Supply
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Desert Landscape Supply completed the following selected transactions during 2024:
Journalize the transactions for Desert Landscape Supply using the allowance method. Include the name of the customer with the Accounts Receivable account. Explanations are not required.
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2024 Jan. 20 Mar. 21 Apr. 1 Jun. 14 Sept. 30 Oct. 13 Nov. 4 Dec. 1 Dec. 31 Sold merchandise inventory to Kathy Weiler, $1,600, on account. Ignore Cost of Goods Sold. Sold merchandise inventory to David Morris, $2,000, on account. Ignore Cost of Goods Sold. Received amount due from David Morris. Wrote off Kathy Weiler's account as uncollectible after repeated efforts to collect from her. Received $1,600 from Kathy Weiler along with a letter apologizing for being so late. Reinstated Weiler's account in full and recorded the cash receipt. Sold merchandise inventory to Alsalemi Landscape Installation, $800, on account. Ignore Cost of Goods Sold. Alsalemi Landscape Installation declared bankruptcy and Desert wrote off Alsalemi's account as uncollectible. Sold merchandise inventory to Eco Design and Landscape, $10,000, on account. Ignore Cost of Goods Sold. Estimated that bad debts expense for the year was $2,000.
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Date 2024 Jan 20 Accounts ReceivableKathy Weiler Sales Revenue Accounts ...View the full answer
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Related Book For
Horngrens Accounting The Financial Chapters
ISBN: 9780136162186
13th Edition
Authors: Tracie Miller Nobles, Brenda Mattison
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