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CALCULATOR ruLL SCREEN PRINTER VERSION BACK The trial balance before adjustment for Bridgeport Company shows the following balances Dr. Cr, Accounts Receivable Allowance for Doubtful

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CALCULATOR ruLL SCREEN PRINTER VERSION BACK The trial balance before adjustment for Bridgeport Company shows the following balances Dr. Cr, Accounts Receivable Allowance for Doubtful Accounts Sales Revenue $86,800 2,230 $462,600 Using the data above, give the journal entries required to recond each of the following cases. (Each situation is independent.) 1. To obtain additional cash, Bridgeport factors without recourse $24,100 of accounts receivable west Finance. The finance charge is 11% of the amount factored. shy Financial. The finance charge is 8%of the loan; the cash is received and the accounts of specne receivable accounts to turned over to Crosby Financial. Te company wants to maintain the A owance for Doubtful Acounts at 3, of gross acorti has a credit balance of $1,204 (tr no entry is required, select "No Entry" for the account titles Credit account titles are automatically indented when the amount is entered. Do not indent manually) No. Account Titles and Explanation 1. Debit Credit

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