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mbers File Edit Insert Table Organize Format Arrange View Share Window 125% E8-3 E8-5 E8-8 E8-10 E8-12 See Problem E8-8 General Joumal Date Account Titles 12/31/21 Deblt Credit 9% times $90K = needed allowance; unadjusted allowance is $1,400 debit. 05/11/22 Write-off 06/12/22 Reinstate A 06/12/22 Collection E *25% + T There is no iCloud. Pur documents E8-3 E8-5 E8-8 E8-10 38-12 A B D E F G See Problem E8-10 WN - 1 2 3 Part(a) 4 6 General Journal Date Account Titles 04/02/20 Debit Credit 7 8 9 10 11 12 05/03/20 Cash received 06/01/20 1% times ut paid balance of $1,000 13 14 15 16 17 18 19 20 21 Part (b) 07/04/20 Cash Service Fee Sales Revenue 2% times $200 (II) E83 E6-5 E88 E8-12 B D E H See Problem E8-12 1 2 3 4 5 (a) Prepare Journal entries to record these transactions 3 Debit Credit General Joumal Date Account Titles 11/01/20 Notes Receivable (Bohr) Cash B 12/11/20 Notes receivable (Pine) Sales 0 1 2 3 12/16/20 Notes Receivable (Murdock) Accounts Receivable 5 $761 12/31/20 Interest receivable Interest income (Bohr) Interest income (Pine) Interest income (Murdock) Can you get the interest income credits to add up to $761 (or close to it? S60K at 7% for 2 months (November and December) $3600 at 8% for 20 days $12,000 at 9% for half a month Prepare entries for estimated uncollectibles, write-off and recovery of $1,800 was later collected. At December 31, 2022, an aging schedule indicated that the balance in Allowance for Doubtful Accounts should be $19,000, Instructions Prepare journal entries to record the 2022 transactions of Blanda Company. E8.8 (LO2), AP on December 31, 2021, when its Allowance for Doubtful Accounts had a debit balance of $1,400, Dallas Co estimates that 9% of its accounts receivable balance of $90,000 will become uncol lectible and records the necessary adjustment to Allowance for Doubtful Accounts. On May 11, 2022, Dallas Co. determined that B. Jared's account was uncollectible and wrote off $1,200, On June 12, 2022, Jared paid the amount previously written off. Instructions Prepare the journal entries on December 31, 2021, May 11, 2022, and June 12, 2022. EX.9 (LO 2), AP The following are two independent situations. (Ignore cost of goods sold entries.) Journalise entries for the sale of Journalize entries for credit card sales. Bank MasterCard, America Bank charges a 4% service charge for credit card sales. Prepare the entry on Fillmore Company's books to record the sale of merchandise. E8.10 (LO 2), AP The following are two independent situations. Instructions a. On April 2, Jennifer Elston uses her JCPenney credit card to purchase merchandise from a JCPenney store for $1,500. On May 1, Elston is billed for the $1.500 amount due. Elston pays $500 on the balance due on May 3. Elston receives a bill dated June 1 for the amount due, including interest at 1.0% per month on the unpaid balance as of May 3. Prepare the entries on JCPenney Co's books related to the transactions that occurred on April 2, May 3, and June 1. b. On July 4, Spangler's Restaurant accepts a Visa card for a $200 dinner bill. Visa charges a 29 service fee. Prepare the entry on Spangler's books related to this transaction. E8.11 (LO 2), AP Colaw Stores accepts both its own and national credit cards. During the year, the fol Journalize credit card sales los salotod umregione Pet EX 12 (LO), AP Moses Supply Co has the following transactions related to notes receivable during the last 2 months of the year. The company does not make entries to accrue interest except at Exercises 8-33 Prepare entries for notes receivable transactions December 31 Nov. 1 Loaned $60,000 cash to C. Bohr on a 12-month, 7% note. Dec 11 Sold goods to K. R. Pine, Inc., receiving a $3,600,90-day, 8% note. 16 Received a $12,000, 180-day, 9% note to settle an open account from A. Murdock. Accrued interest revenue on all notes receivable. 31 See Problem E8-8 General Joumal Date Account Titles 12/31/21 Deblt Credit 9% times $90K = needed allowance; unadjusted allowance is $1,400 debit. 05/11/22 Write-off 06/12/22 Reinstate A 06/12/22 Collection Prepare entries for estimated uncollectibles, write-off and recovery of $1,800 was later collected. At December 31, 2022, an aging schedule indicated that the balance in Allowance for Doubtful Accounts should be $19,000, Instructions Prepare journal entries to record the 2022 transactions of Blanda Company. E8.8 (LO2), AP on December 31, 2021, when its Allowance for Doubtful Accounts had a debit balance of $1,400, Dallas Co estimates that 9% of its accounts receivable balance of $90,000 will become uncol lectible and records the necessary adjustment to Allowance for Doubtful Accounts. On May 11, 2022, Dallas Co. determined that B. Jared's account was uncollectible and wrote off $1,200, On June 12, 2022, Jared paid the amount previously written off. Instructions Prepare the journal entries on December 31, 2021, May 11, 2022, and June 12, 2022. EX.9 (LO 2), AP The following are two independent situations. (Ignore cost of goods sold entries.) Journalise entries for the sale of LE * 25% D + V T There is no iCloud. Pur documents E8-3 E8-5 E8-B E8-10 38-12 o A B D E F G See Problem E8-10 1 2 3 o WN Part(a) 4 General Joumal Date Account Titles 04/02/20 Debit Credit 7 05/03/20 Cash received 06/01/20 1% times i paid balance of $1,000 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Part (b) 07/04/20 Cash Service Fee Sales Revenue 2% times $200 CH Journalize entries for credit card sales. Bank MasterCard, America Bank charges a 4% service charge for credit card sales. Prepare the entry on Fillmore Company's books to record the sale of merchandise. E8.10 (LO 2), AP The following are two independent situations. Instructions a. On April 2, Jennifer Elston uses her JCPenney credit card to purchase merchandise from a JCPenney store for $1,500. On May 1, Elston is billed for the $1.500 amount due. Elston pays $500 on the balance due on May 3. Elston receives a bill dated June 1 for the amount due, including interest at 1.0% per month on the unpaid balance as of May 3. Prepare the entries on JCPenney Co's books related to the transactions that occurred on April 2, May 3, and June 1. b. On July 4, Spangler's Restaurant accepts a Visa card for a $200 dinner bill. Visa charges a 29 service fee. Prepare the entry on Spangler's books related to this transaction. E8.11 (LO 2), AP Colaw Stores accepts both its own and national credit cards. During the year, the fol Journalize credit card sales los salotod umregione Pet E83 E8-5 E8 E8-12 B D E H See Problem E8-12 2 3 4 5 (a) Prepare Journal entries to record these transactions Debit Credit General Journal Date Account Titles 11/01/20 Notes Receivable (Bohr) Cash 3 12/11/20 Notes receivable (Pine) Sales 0 1 2 3 12/16/20 Notes Receivable (Murdock) Accounts Receivable 5 $761 12/31/20 Interest receivable Interest income (Bohr) Interest income (Pine) Interest income (Murdock) Can you get the interest income credits to add up to $761 for close to it)? S60K at 7% for 2 months (November and December) $3600 at 8% for 20 days $12,000 at 9% for half a month Exercises 8-33 Prepare entries for notes receivable transactions E8.12 (LO), AP Moses Supply Co has the following transactions related to notes receivable during the last 2 months of the year. The company does not make entries to accrue interest except at December 31 Nov. 1 Loaned $60,000 cash to C. Bohr on a 12-month, 7% note. Dec 11 Sold goods to K. R. Pine, Inc., receiving a $3,600,90-day, 8% note. 16 Received a $12,000, 180-day, 9% note to settle an open account from A. Murdock. Accrued interest revenue on all notes receivable. 31 mbers File Edit Insert Table Organize Format Arrange View Share Window 125% E8-3 E8-5 E8-8 E8-10 E8-12 See Problem E8-8 General Joumal Date Account Titles 12/31/21 Deblt Credit 9% times $90K = needed allowance; unadjusted allowance is $1,400 debit. 05/11/22 Write-off 06/12/22 Reinstate A 06/12/22 Collection E *25% + T There is no iCloud. Pur documents E8-3 E8-5 E8-8 E8-10 38-12 A B D E F G See Problem E8-10 WN - 1 2 3 Part(a) 4 6 General Journal Date Account Titles 04/02/20 Debit Credit 7 8 9 10 11 12 05/03/20 Cash received 06/01/20 1% times ut paid balance of $1,000 13 14 15 16 17 18 19 20 21 Part (b) 07/04/20 Cash Service Fee Sales Revenue 2% times $200 (II) E83 E6-5 E88 E8-12 B D E H See Problem E8-12 1 2 3 4 5 (a) Prepare Journal entries to record these transactions 3 Debit Credit General Joumal Date Account Titles 11/01/20 Notes Receivable (Bohr) Cash B 12/11/20 Notes receivable (Pine) Sales 0 1 2 3 12/16/20 Notes Receivable (Murdock) Accounts Receivable 5 $761 12/31/20 Interest receivable Interest income (Bohr) Interest income (Pine) Interest income (Murdock) Can you get the interest income credits to add up to $761 (or close to it? S60K at 7% for 2 months (November and December) $3600 at 8% for 20 days $12,000 at 9% for half a month Prepare entries for estimated uncollectibles, write-off and recovery of $1,800 was later collected. At December 31, 2022, an aging schedule indicated that the balance in Allowance for Doubtful Accounts should be $19,000, Instructions Prepare journal entries to record the 2022 transactions of Blanda Company. E8.8 (LO2), AP on December 31, 2021, when its Allowance for Doubtful Accounts had a debit balance of $1,400, Dallas Co estimates that 9% of its accounts receivable balance of $90,000 will become uncol lectible and records the necessary adjustment to Allowance for Doubtful Accounts. On May 11, 2022, Dallas Co. determined that B. Jared's account was uncollectible and wrote off $1,200, On June 12, 2022, Jared paid the amount previously written off. Instructions Prepare the journal entries on December 31, 2021, May 11, 2022, and June 12, 2022. EX.9 (LO 2), AP The following are two independent situations. (Ignore cost of goods sold entries.) Journalise entries for the sale of Journalize entries for credit card sales. Bank MasterCard, America Bank charges a 4% service charge for credit card sales. Prepare the entry on Fillmore Company's books to record the sale of merchandise. E8.10 (LO 2), AP The following are two independent situations. Instructions a. On April 2, Jennifer Elston uses her JCPenney credit card to purchase merchandise from a JCPenney store for $1,500. On May 1, Elston is billed for the $1.500 amount due. Elston pays $500 on the balance due on May 3. Elston receives a bill dated June 1 for the amount due, including interest at 1.0% per month on the unpaid balance as of May 3. Prepare the entries on JCPenney Co's books related to the transactions that occurred on April 2, May 3, and June 1. b. On July 4, Spangler's Restaurant accepts a Visa card for a $200 dinner bill. Visa charges a 29 service fee. Prepare the entry on Spangler's books related to this transaction. E8.11 (LO 2), AP Colaw Stores accepts both its own and national credit cards. During the year, the fol Journalize credit card sales los salotod umregione Pet EX 12 (LO), AP Moses Supply Co has the following transactions related to notes receivable during the last 2 months of the year. The company does not make entries to accrue interest except at Exercises 8-33 Prepare entries for notes receivable transactions December 31 Nov. 1 Loaned $60,000 cash to C. Bohr on a 12-month, 7% note. Dec 11 Sold goods to K. R. Pine, Inc., receiving a $3,600,90-day, 8% note. 16 Received a $12,000, 180-day, 9% note to settle an open account from A. Murdock. Accrued interest revenue on all notes receivable. 31 See Problem E8-8 General Joumal Date Account Titles 12/31/21 Deblt Credit 9% times $90K = needed allowance; unadjusted allowance is $1,400 debit. 05/11/22 Write-off 06/12/22 Reinstate A 06/12/22 Collection Prepare entries for estimated uncollectibles, write-off and recovery of $1,800 was later collected. At December 31, 2022, an aging schedule indicated that the balance in Allowance for Doubtful Accounts should be $19,000, Instructions Prepare journal entries to record the 2022 transactions of Blanda Company. E8.8 (LO2), AP on December 31, 2021, when its Allowance for Doubtful Accounts had a debit balance of $1,400, Dallas Co estimates that 9% of its accounts receivable balance of $90,000 will become uncol lectible and records the necessary adjustment to Allowance for Doubtful Accounts. On May 11, 2022, Dallas Co. determined that B. Jared's account was uncollectible and wrote off $1,200, On June 12, 2022, Jared paid the amount previously written off. Instructions Prepare the journal entries on December 31, 2021, May 11, 2022, and June 12, 2022. EX.9 (LO 2), AP The following are two independent situations. (Ignore cost of goods sold entries.) Journalise entries for the sale of LE * 25% D + V T There is no iCloud. Pur documents E8-3 E8-5 E8-B E8-10 38-12 o A B D E F G See Problem E8-10 1 2 3 o WN Part(a) 4 General Joumal Date Account Titles 04/02/20 Debit Credit 7 05/03/20 Cash received 06/01/20 1% times i paid balance of $1,000 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Part (b) 07/04/20 Cash Service Fee Sales Revenue 2% times $200 CH Journalize entries for credit card sales. Bank MasterCard, America Bank charges a 4% service charge for credit card sales. Prepare the entry on Fillmore Company's books to record the sale of merchandise. E8.10 (LO 2), AP The following are two independent situations. Instructions a. On April 2, Jennifer Elston uses her JCPenney credit card to purchase merchandise from a JCPenney store for $1,500. On May 1, Elston is billed for the $1.500 amount due. Elston pays $500 on the balance due on May 3. Elston receives a bill dated June 1 for the amount due, including interest at 1.0% per month on the unpaid balance as of May 3. Prepare the entries on JCPenney Co's books related to the transactions that occurred on April 2, May 3, and June 1. b. On July 4, Spangler's Restaurant accepts a Visa card for a $200 dinner bill. Visa charges a 29 service fee. Prepare the entry on Spangler's books related to this transaction. E8.11 (LO 2), AP Colaw Stores accepts both its own and national credit cards. During the year, the fol Journalize credit card sales los salotod umregione Pet E83 E8-5 E8 E8-12 B D E H See Problem E8-12 2 3 4 5 (a) Prepare Journal entries to record these transactions Debit Credit General Journal Date Account Titles 11/01/20 Notes Receivable (Bohr) Cash 3 12/11/20 Notes receivable (Pine) Sales 0 1 2 3 12/16/20 Notes Receivable (Murdock) Accounts Receivable 5 $761 12/31/20 Interest receivable Interest income (Bohr) Interest income (Pine) Interest income (Murdock) Can you get the interest income credits to add up to $761 for close to it)? S60K at 7% for 2 months (November and December) $3600 at 8% for 20 days $12,000 at 9% for half a month Exercises 8-33 Prepare entries for notes receivable transactions E8.12 (LO), AP Moses Supply Co has the following transactions related to notes receivable during the last 2 months of the year. The company does not make entries to accrue interest except at December 31 Nov. 1 Loaned $60,000 cash to C. Bohr on a 12-month, 7% note. Dec 11 Sold goods to K. R. Pine, Inc., receiving a $3,600,90-day, 8% note. 16 Received a $12,000, 180-day, 9% note to settle an open account from A. Murdock. Accrued interest revenue on all notes receivable. 31