1. Sales made on account 2. Collections of accounts receivables 3. Write-offs of accounts receivables 4. Receivables proved to be doubtful 5. Recovery of doubtful receivables $2,500,000 $2,100,000 $ 75,000 $ 120,000 $ 150,000 Prepare the journal entries to record each of the above transactions. Open the T accounts, enter the balanc and post the transactions. Question 6: During the year the following transactions occurred: Feb. 1 Purchased 600 shares of CBA common stock for $31,800 plus brokerage fees of $600. Mar. 1 Purchased 800 shares of GHI common stock for $20,000 plus brokerage fees of $400. Apr. 1 Purchased 50 $1,000, 12% UVW bonds for $50,000 plus $1,000 brokerage fees. Interest is payable semiannually on April 1 and October 1. July 1 Received a cash dividend of $.60 per share on the CBA common stock. Aug. 1_Sold 200 shares of CBA common stock at $58 per share less brokerage fees of $200. Sept. 1 Received a $1 per share cash dividend on the GHI common stock. Oct. 1 Received the semiannual interest on the UVW bonds. Oct. 1 Sold the UVW bonds for $51,000 less $1,000 brokerage fees. Journalize and post the transactions. (IGNORE BROKERAGE FEES) 1. Sales made on account 2. Collections of accounts receivables 3. Write-offs of accounts receivables 4. Receivables proved to be doubtful 5. Recovery of doubtful receivables $2,500,000 $2,100,000 $ 75,000 $ 120,000 $ 150,000 Prepare the journal entries to record each of the above transactions. Open the T accounts, enter the balanc and post the transactions. Question 6: During the year the following transactions occurred: Feb. 1 Purchased 600 shares of CBA common stock for $31,800 plus brokerage fees of $600. Mar. 1 Purchased 800 shares of GHI common stock for $20,000 plus brokerage fees of $400. Apr. 1 Purchased 50 $1,000, 12% UVW bonds for $50,000 plus $1,000 brokerage fees. Interest is payable semiannually on April 1 and October 1. July 1 Received a cash dividend of $.60 per share on the CBA common stock. Aug. 1_Sold 200 shares of CBA common stock at $58 per share less brokerage fees of $200. Sept. 1 Received a $1 per share cash dividend on the GHI common stock. Oct. 1 Received the semiannual interest on the UVW bonds. Oct. 1 Sold the UVW bonds for $51,000 less $1,000 brokerage fees. Journalize and post the transactions. (IGNORE BROKERAGE FEES)