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Auto Parts, Inc., completed the following selected transactions during 2 0 1 8 : Requirement 1 . Record the transactions in the journal and post
Auto Parts, Inc., completed the following selected transactions during : Requirement Record the transactions in the journal and post to the Allowance for uncollectible accounts and Bad debt expense ledger accounts that have been opened for you. These accounts have beginning balances of $ comma cr and $ respectively. Remember to update account balances but ignore posting references. Jan
Sold inventory to Quinn Venture $ comma on account. Ignore cost of goods sold.
Jun
Wrote off the Quinn Venture account as uncollectible after repeated efforts to collect from him.
Aug
Received $ from Quinn Venture along with a letter stating his intention to pay within days. Reinstated his account in full.
Sep
Received the balance due from Quinn Venture.
Oct
Made a compound entry to write off the following accounts as uncollectible: Bob Keffer $ ; Treena McAdams $ ; and Sylvia Walsh $
Dec
Based on an aging of accounts receivable, estimated uncollectible accounts as $ comma
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