Green Mountain Landscape Supply completed the following selected transactions during 2025: Journalize the transactions for Green Mountain
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Green Mountain Landscape Supply completed the following selected transactions during 2025:
Journalize the transactions for Green Mountain Landscape Supply using the allowance method. Include the name of the customer with the Accounts Receivable account.
Explanations are not required.
Transcribed Image Text:
2025 Jan. 20 Sold merchandise inventory to Wiseman Homes, $1,800, on account. Ignore Cost of Goods Sold. Mar. 21 Sold merchandise inventory to Morehead Landscapes, $2,200, on account. Ignore Cost of Goods Sold. Apr. 1 Received amount due from Morehead Landscapes. Jun. 14 Wrote off Wiseman Homes' account as uncollectible after repeated efforts to collect from the company. Sept. 30 Received $1,800 from Wiseman Homes along with a letter apologizing for being so late. Reinstated Wiseman Homes' account in full and recorded the cash receipt. Oct. 13 Sold merchandise inventory to Arabian Landscape Installation, $200, on account. Ignore Cost of Goods Sold. Nov. 4 Arabian Landscape Installation declared bankruptcy and Green Mountain Landscape Supply wrote off Arabian Landscape Installation's account as uncollectible. Dec. 1 Sold merchandise inventory to Waterscapes Design and Landscape, $12,000, on account. Ignore Cost of Goods Sold. Dec. 31 Estimated that bad debts expense for the year was $4,000.
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Horngrens Accounting The Financial Chapters
ISBN: 9780137884858
14th Edition
Authors: Brenda Mattison, Tracie Miller-Nobles
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