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Copper Company had a January 1, current year, balance in the following account: Allowance for Doubtful Accounts The following events required journal entries during the

Copper Company had a January 1, current year, balance in the following account: Allowance for Doubtful Accounts The following events required journal entries during the current year: Apr. 15 Jul. 1 Dec. 31 4,700 Gida Good's account receivable was deemed uncollectible Christopher Claw paid the full amount of his previously written-off account receivable. The receivable had been written off last year in the amount of 5.300 Bad debt expense was estimated to be a percentage of credit sales for the year Credit Sales for the year were the following amount REQUIRED [1] Prepare the journal entries for the transactions listed above. JOURNAL Account Title and Expl lation 8,000 Credit PR 1,475,000 [8 marks] Debit Page Credit
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Copper Company had a January 1 , current year, balance in the following account: Allowance for Doubtful Accounts 8,000 Credit The following events required journal entries during the current year: Apr. 15 Gida Good's account receivable was deemed uncollectible Jul. 1 Christopher Claw paid the full amount of his previously written-off account receivable. The receivable had been written off last year in the amount of Dec. 31 Bad debt expense was estimated to be a percentage of credit sales for the year Credit Sales for the year were the following amount REQUIRED [1] Prepare the journal entries for the transactions listed above. [B marks]

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