E8-17 (similar to) On June 1, 2018, Puritan Performance Cell Phones sold $16,000 of merchandise to Avery Trucking Company on account. Avery fel on only $7,000 of the account receivable. After repeated attempts to collect, Puritan Performance finally wrote off its accounts receivable from Avery on September 5. Six months later, March 5, 2019, Puritan Performance received Avery's check for $9,000 with a note apologizing for the late payment Read the tequirements t hard times and on July 15 paid direct writo-off method. Ignore Cost of Goods Sold. (Record debits first Requirement 1. Journalize the transactions for Puritan Performance Cell Phones using the then, credits. Select the explanation on the last line of the jounal entry table.) June 1: Puritan Performance Cell Phones sold $16,000 of merchandise to Avery Trucking Company on account. lgnore Cost of Goods Sold. Debit Credit Date Accounts and Explanation Jun. 1 Spring 2019 Riley Cabanero Chapter 8 HW | 2015(0 complete) HW Performance Cell Phones sold $16,000 of merchandise to Avery Trucking Company on account. Avery fell on hard t receivable. After repeated attempts to collect, Puritan Performance finally wrote off its accounts receivable from A 19, Puritan Performance received Avery's check for $9,000 with a note apologizing for the late payment nts ize the transactions for Puritan Performance Cell Phones using the direct write-off method. Ignore Cost of Goods Sol explanation on ance Cell Phon Requirements -Goods Sold. Accounts a 1. Journalize the transactions for Puritan Performance Cell Phones using the direct write-off method. Ignore Cost of Goods Sold. 2. What are some limitations that Puritan Performance will encounter when using the direct write-off method? Print Done t or enter any number in the input fields and then click Check Answer Chec Clear All MacBook Air Homework: Chapter 8 HW Save Score: 0 of 1 pt 2 of 5 (0 complete) HY Score: 0%, 0 of 5 pts E8-17 (similar to Question Help * On June 1, 2018, Purtan Performance Cell Phones sold $16,000 of merchandise to Avery Trucking Company on account. Avery foll on hard times and on July 15 paid only $7,000 of the account receivable. After repeated attempts to collect, Puritan Performanoe finally wrote off its accounts receivable from Avery on September 5. Six months later, March 5, 2019, Puritan Performance received Avery's check for $9,000 with a note apologizing for the late payment. Read the requirements Requirement 1. Joumalize the transactions for Puritan Performance Cell Phones using the direct write-off method. Ignore Cost of Goods Sold. (Reoord debits first then, credits. Select the explanation on the last line of the jounal entry table.) June 1: Purtan Performance Cell Phones sold $16,000 of merchandise to Avery Trucking Company on account ignore Cost of Goods Sold. Debit Credit Date Accounts and Explanation Jun. 1 1)
