Question
1 Record service revenue of $50,000 sold on account during January. 2 Record the adjusting entry for bad debts as of January 31 using 1
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1
Record service revenue of $50,000 sold on account during January.
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2
Record the adjusting entry for bad debts as of January 31 using 1 percent of credit sales.
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3
Record the collection of $25,000 of outstanding accounts receivables on February 4.
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4
Record the write-off of a $150 account receivable on February 15.
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5
Record service revenue of $40,000 provided on account during February.
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6
Record the adjusting entry for bad debts as of February 28 using 1 percent of credit sales.
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7
Record the receipt of a note on March 1 for a $2,200 loan to an employee.
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8
Record the reversal of a $150 account receivable previously written off one month earlier.
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9
Record the receipt of cash of $150 from the customer.
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10
Record the interest accrued on the note as of March 31.
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11
Record the adjusting entry for bad debts as of March 31 using the aging of accounts receivable method
General journal entry options:
- No Journal Entry Required
- Accounts Payable
- Accounts Receivable
- Accumulated Amortization
- Accumulated DepreciationBuildings
- Accumulated DepreciationEquipment
- Accumulated DepreciationVehicles
- Accumulated Other Comprehensive Income
- Additional Paid-In Capital, Common Stock
- Additional Paid-In Capital, Preferred Stock
- Additional Paid-In Capital, Treasury Stock
- Advertising Expense
- Allowance for Doubtful Accounts
- Amortization Expense
- Bad Debt Expense
- Bonds Payable
- Buildings
- Cash
- Cash Equivalents
- Cash Overage
- Cash Shortage
- Charitable Contributions Payable
- Common Stock
- Copyrights
- Cost of Goods Sold
- Deferred Revenue
- Delivery Expense
- Depreciation Expense
- Discount on Bonds Payable
- Dividends
- Dividends Payable
- Donation Revenue
- Equipment
- FICA Payable
- Franchise Rights
- Gain on Bond Retirement
- Gain on Disposal of PPE
- Goodwill
- Impairment Loss
- Income Tax Expense
- Income Tax Payable
- Insurance Expense
- Interest Expense
- Interest Payable
- Interest Receivable
- Interest Revenue
- Inventories
- Inventory - Estimated Returns
- Land
- Legal Expense
- Licensing Rights
- Logo and Trademarks
- Loss on Bond Retirement
- Loss on Disposal of PPE
- Natural Resource Assets
- Notes Payable (long-term)
- Notes Payable (short-term)
- Notes Receivable (long-term)
- Notes Receivable (short-term)
- Office Expenses
- Other Current Assets
- Other Noncurrent Assets
- Other Noncurrent Liabilities
- Other Operating Expenses
- Other Revenue
- Patents
- Payroll Tax Expense
- Petty Cash
- Preferred Stock
- Premium on Bonds Payable
- Prepaid Advertising
- Prepaid Insurance
- Prepaid Rent
- Refund Liability
- Rent Expense
- Rent Revenue
- Repairs and Maintenance Expense
- Restricted Cash (long-term)
- Restricted Cash (short-term)
- Retained Earnings
- Salaries and Wages Expense
- Salaries and Wages Payable
- Sales Revenue
- Sales Tax Payable
- Service Revenue
- Short-term Investments
- Software
- Subscription Revenue
- Supplies
- Supplies Expense
- Travel Expense
- Treasury Stock
- Unemployment Tax Payable
- Utilities Expense
- Vehicles
- Withheld Income Taxes Payable
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