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C&S Marketing (CSM) recently hired a new marketing director, Jeff Otos, for its downtown Minneapolis office. As part of the arrangement, CSM agreed on February

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C&S Marketing (CSM) recently hired a new marketing director, Jeff Otos, for its downtown Minneapolis office. As part of the arrangement, CSM agreed on February 28, 2018, to advance Jeff $60,000 on a one-year, 7 percent note, with interest to be paid at maturity on February 28, 2019. CSM prepares financial statements on June 30 and December 31 Prepare the journal entry CSM will make when the note is established, accrue interest on June 30 and December 31, and the interest and principal payments on February 28, 2019. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round Intermediate calculations. Round your final answers to whole dollar amount.) View transaction list Journal entry worksheet 1 2 3 4 5 Record the receipt of a note on February 20, 2016 for a 500,000 loan to an employee NA 1-a. Prepare a T-account for the Allowance for Doubtful Accounts and enter into it the 2014 amounts from the above schedule. The balance at the beginning of each year in the Allowance for Doubtful Accounts is a credit balanc 1-b. Write the T-account in equation format to prove the above items account for the changes in the 2. Record summary journal entries for 2015 related to (a) estimating Bad Debt Expense and (6) writine pecific customer account balances 3. Supply the missing information for 2016. 4. If Travel Today had written off an additional $22 of Accounts Receivable during 2016, by how much would Net Receivables have decreased? How much would Net Income have decreased? Complete this question by entering your answers in the tabs below. Reg 1A Req 10 Reg 2 Reg 3 Req4 If TravelToday had written off an additional $22 of Accounts Receivable during 2016, by how much would Net Receivables have decreased? How much would Net Income have decreased? (Enter your answers in thousands. Net Receivables Net Income Complete this question by entering your answers in the tabs below. Reg 1A Reg 1B Reg 2 Req3 Reg 4 Prepare a T account for the Allowance for Doubtful Accounts and enter into it the 2014 amounts from the above schedule. The balance at the beginning of each year in the Allowance for Doubtful Accounts is a credit balance. (Enter your answers in thousands Allowance for Doubtful Accounts Beg. Bal Write-Offs End, Bal Roq 1B >

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