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Eneroso Determine the maturity date for each of the following notes: Maturity Date Issue Date 2018 January 13 2018 January 31 2018 June 4 2018

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Eneroso Determine the maturity date for each of the following notes: Maturity Date Issue Date 2018 January 13 2018 January 31 2018 June 4 2018 December 2 Ufe 30 days 90 days 1 year 1 month 9 Exercise H Crawford, Inc., gave a $20,000, 120-day, 12 per cent note to Dunston, Inc., in exchange for merchandise. Crawford uses periodic Inventory procedure. Prepare journal entries to record the issuance of the note and the entries needed at maturity for Crawford, assuming payment is made GENERAL JOURNAL POST Account/Description 99 55 Problems 56 Problem A S7 As of 2018 December 31, Fargo Company's accounts prior to adjustment show: 59 Accounts receivable 60 Allowance for uncolectible accounts (credit balance) $40,000 750 250,000 61 Sales 63 Fargo Company estimates uncolectible accounts at 1 per cent of sales. On 2019 February 23, the account of Dan Hall in the amount of $300 was considered uncolectible and written off. On 2019 August 12, Hall remitted $ 200 and indicated that he intends to pay the balance due as soon as possible. By 2019 December 31, no further remittance had been received from Hall and no further remittance was expected 1. Prepare journal entries to record al of these transactions and adjusting entries. 2. Give the entry necessary as of 2018 December 31, Fargo Company estimated its uncollectible accounts at 8 per cent of outstanding receivables rather than at 1 per cent of sales. GENERAL JOURNAL POST REF. Account/Description Debit Date Credit Sheet1

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