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6. Make necessary journal entries for the following. a) $800 receivables of XYZ Co. is proved to be doubtful which S150 of it is granted
6. Make necessary journal entries for the following. a) $800 receivables of XYZ Co. is proved to be doubtful which S150 of it is granted portion b) XYZ Co. collected $100 from the granted portion. c) XYZ Co. collected $300 more and the rest is proved to be uncollectable. Make all of the necessary journal entries for the following (7,8, and 9) independent transactions: 7. The company pledged its $10,000 notes receivables to a bank and received a loan of $8,500. The note is not paid on the maturity. (Protest fee 56) 8. The company discounted its notes receivables for $5,000 and collected $4,400. This note is paid on maturity. 9. The company gave its $60,000 note receivable to a bank for collection. The note is not paid on maturity. Bank protested the note on behalf of the company and credited nottery public fee from company's account for $8
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