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Current Attempt in Progress The ledger of Larkspur Company at the end of the current year shows Accounts Receivable $73,000, Credit Sales $811,000, and Sales
Current Attempt in Progress The ledger of Larkspur Company at the end of the current year shows Accounts Receivable $73,000, Credit Sales $811,000, and Sales Returns and Allowances $38,900. Prepare journal entries for each separate scenario below. if Larkspur uses the direct write off method to account for uncollectible accounts, journalize the entry at December 15 if Larkspur determines that Matisse's $1,200 balance is uncollectible, (b) If Allowance for Doubtful Accounts has a credit balance of $1,300 in the trial balance, journalize the adjusting entry at December 31, assuming uncollectibles are expected to be 12% of accounts receivable Id If Allowance for Doubtful Accounts has a debit balance of $508 in the trial balance, journalize the adjusting entry at December 31, assuming uncollectibles are expected to be 10% of accounts receivable. (Credit occount titles are automatically indented when amount is entered. Do not indent manually. I no entry is required, select "No Entry" for the account titles and enter for the amounts) No. Date Account Titles and Explanation Debit Credit ta Dec 31 Bad Debt Expense Accounts Receivable Credit account titles are automatically Indented when amount is entered. Do not Indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Debit Credit No. Date (a) Dec 31 Account Titles and Explanation Bad Debt Expense Accounts Receivable Bad Debt Expense Allowance for Doubtful Accounts (b) Dec 31 (c) Dec 31 Bad Debt Expense Allowance for Doubtful Accounts e Textbook and Media List of Accounts
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