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Cassandra Casey operates the Futuristic Antique Store. She maintains subsidiary ledgers for accounts payable and accounts receivable. She presents you with the following information
Cassandra Casey operates the Futuristic Antique Store. She maintains subsidiary ledgers for accounts payable and accounts receivable. She presents you with the following information for October 2019: As at 1 October 2019 the accounts receivable balances in the subsidiary ledgers were: R. Ryan $2200 G. McKay 8500 W. Mitchell 650 The total of these accounts agreed with the balance in the control account. The following journals have been completed for the month of October: SALES RETURNS JOURNAL SALES JOURNAL October 3 G. McKay 300 October 7 R. Ryan 200 October 10 R. Ryan 100 CASH RECEIPTS JOURNAL Accounts Discount Sales Bank Receivable October 2 W. Mitchell 10 G. McKay $10 $40 $100 $100 $4500 $4500 11 Cash sales $800 $800 Additional Information (October 31) It has been determined that W. Mitchell will be unable to pay his debt. It is to be written off as a bad debt. a) Show the journal entry to record the transaction listed under "Additional Information". General Journal Date Details Oct 31 Debit Credit
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