E U utoSave lome Chapter 9 Lab-Students Insert Draw Page Layout Formulas Data Review View - woulCalibri (Body B West 11AA O A E Merge Center 5 - % 911 10 X FX CHAPTER 9UAB 1. Prepare the journal entries to record the transactions and events of AC/DC on the transactions" tab. Use the 'xtab to journale the transactions 2. Prepare a year-enda ting journal entry as of December 31, 2018 for each parte tation use the "AJE tab to journaline the adjustment): (a) Bad debts are estimated to be $16 ADO by an analysis of the A n . The unadjusted balance in the allowance for doubtful accounts is a debit of $1,000 (b) Bad debts are estimated to be 1% of its credit sales of $1.500.000 The unadjusted balance in the allowance for doubtful accounts is a credit od $1.000 Chapter 9 Lab Stude Autores Home Insert Draw Page Layout Calibr (Bodyt Copy forma T Review View Formulas Data 1 A A O A E erge Center General $ - % 9 9 2017 1 Accepted a $9.600, 90 day, 8% note in granting Sam Darnold a time extension on this past due account receivable. Dec 31 Made an adjusting entry to record the accrued interest on the Darnold note Jan 30 Received Darnold's payment for principle and interest on the note dated Nov 1 Feb 28 Received $5,000 cash and accepted a $6,000, 60 day, 10% note from Leveon Bellin exchange for merchandise that sells for $11.000 (the cost of sale was $6.000) Mar 1 Accepted an $8.000, 60 day, 15% note from Adam Gase in exchange for merchandise that sells for $1.000 the cost of sale was $5,000 Mar 5 Completed a $6,000 credit card sale with a 1% fee (the cost of sales was $3,200. The cash is transferred immediately from the credit card company Mar 30 Leveon Bell dishonored the $6,000 note. Apr 30 Received Gase's payment for principle and interest on the note dated Mar 1 May 1 Wrote-off a $2.500 account receivable arising from a sale to Woody Johnson that dates 10- months ago AC/DC uses the allowance method May 31 Receives the full amount of $2,500 from Woody Johnson that was previously written off on May 1 Record the bad debts recovery 21 Received a $15.000, 90 day, 10% note from Robbie Anderson in exchange for merchandise that sells for $15.000 (the cost of sale was $7,500) Sep 19 Received Anderson's payment for principle and interest on the note dated June 21 Requirement Transactions JE Chapter Lab Students (1) Home Insert Draw Page Layout Formulas Data Review View THE Out - A A Paste from Ci (Body - BTVO F e rge Center General- 5 - % Sep 19 Received Anderson's payment for principle and interest on the note dated June 21 Oct 30 Completed a $4,000 credit card sale with a 25 fee the cost of sales was $2,000). The cash is transferred immediately from the credit card company Nov 30 wrote-off Bell's account against the allowance for doubtful accounts. Transactions E A E E U utoSave lome Chapter 9 Lab-Students Insert Draw Page Layout Formulas Data Review View - woulCalibri (Body B West 11AA O A E Merge Center 5 - % 911 10 X FX CHAPTER 9UAB 1. Prepare the journal entries to record the transactions and events of AC/DC on the transactions" tab. Use the 'xtab to journale the transactions 2. Prepare a year-enda ting journal entry as of December 31, 2018 for each parte tation use the "AJE tab to journaline the adjustment): (a) Bad debts are estimated to be $16 ADO by an analysis of the A n . The unadjusted balance in the allowance for doubtful accounts is a debit of $1,000 (b) Bad debts are estimated to be 1% of its credit sales of $1.500.000 The unadjusted balance in the allowance for doubtful accounts is a credit od $1.000 Chapter 9 Lab Stude Autores Home Insert Draw Page Layout Calibr (Bodyt Copy forma T Review View Formulas Data 1 A A O A E erge Center General $ - % 9 9 2017 1 Accepted a $9.600, 90 day, 8% note in granting Sam Darnold a time extension on this past due account receivable. Dec 31 Made an adjusting entry to record the accrued interest on the Darnold note Jan 30 Received Darnold's payment for principle and interest on the note dated Nov 1 Feb 28 Received $5,000 cash and accepted a $6,000, 60 day, 10% note from Leveon Bellin exchange for merchandise that sells for $11.000 (the cost of sale was $6.000) Mar 1 Accepted an $8.000, 60 day, 15% note from Adam Gase in exchange for merchandise that sells for $1.000 the cost of sale was $5,000 Mar 5 Completed a $6,000 credit card sale with a 1% fee (the cost of sales was $3,200. The cash is transferred immediately from the credit card company Mar 30 Leveon Bell dishonored the $6,000 note. Apr 30 Received Gase's payment for principle and interest on the note dated Mar 1 May 1 Wrote-off a $2.500 account receivable arising from a sale to Woody Johnson that dates 10- months ago AC/DC uses the allowance method May 31 Receives the full amount of $2,500 from Woody Johnson that was previously written off on May 1 Record the bad debts recovery 21 Received a $15.000, 90 day, 10% note from Robbie Anderson in exchange for merchandise that sells for $15.000 (the cost of sale was $7,500) Sep 19 Received Anderson's payment for principle and interest on the note dated June 21 Requirement Transactions JE Chapter Lab Students (1) Home Insert Draw Page Layout Formulas Data Review View THE Out - A A Paste from Ci (Body - BTVO F e rge Center General- 5 - % Sep 19 Received Anderson's payment for principle and interest on the note dated June 21 Oct 30 Completed a $4,000 credit card sale with a 25 fee the cost of sales was $2,000). The cash is transferred immediately from the credit card company Nov 30 wrote-off Bell's account against the allowance for doubtful accounts. Transactions E A E