epare the necessary December 1 journal entry to write off this $1,200 uncollectible account journal entry by s ames from the drop-down menus and entering the dollar amounts in the debit or credit columns. View transaction list Journal entry worksheet On December 1, after making a concerted effort, management determines that it will be unable to collect $1,200 owed to it by one of its customers. This company uses the allowance method to account for uncollectible accounts. Note: Enter debits before credits. Date General Journal Debit Credit Dec. 1 HF Next Required information On December 31, management had determined that it would not be able to collect the $1,200 owed to it by one of its custome an 15 in the next year, a check in the amount of $600 was unexpectedly received from this customer. Management does not ny future collections from this customer. The company uses the allowance method to account for its uncollectible accounts. repare the necessary journal entry on January 15 to record the events by selecting the account names from the drop-down m nd entering the dollar amounts in the debit or credit columns. repare two separate journal entries. The first journal entry is to record the reinstatement of the account receivable and the se record the receipt of cash. View transaction list Journal entry worksheet > 1 2 Prepare the journal entry to record the reinstatement of the account receivable Note: Enter debits before credits. Debit Credit Date General Journal Jan. 15 quired information Knowledge Check 01 On January 15, Ross Furniture, Inc., accepts a $5,000, 180-day, 10 percent note from a customer at the time of a product sale. Prepare the January 15 entry for Ross Furniture by selecting the account names from the drop-down menus and entering the amounts in the debit or credit columns. View transaction list Journal entry worksheet 1 > On January 15, Ross Furniture, Inc., accepts a $5,000, 180-day, 10 percent note from a customer at the time of a product sale. Note: Enter debits before credits. General Journal Debit Credit Date Jan. 15 Required information Shutterstock/Andre R mowledge Check 01 arlton Company uses the percent of sales method to estimate its bad debt expense. Based on past experience, the con stimates 2 percent of credit sales to be uncollectible. At the end of the current year, the company's unadjusted trial bala ccounts Receivable of $245,000 and Credit Sales of $900,000. repare the necessary December 31 adjusting entry by selecting the account names from the drop-down menus and ente ollar amounts in the debit or credit columns. View transaction list Journal entry worksheet On December 31, after making a concerted effort, management determines that it will not be able to collect the $1,200 owed to it by its customer Acme, Inc. The company uses the direct write-off method to account for uncollectible accounts. Note: Enter debits before credits. Debit General Journal Date Credit Dec. 31 Required information ch On December 31, management had determined that it would not be able to collect the $1.200 owed to it by one of its customers. Jan 15 in the next year, a check in the amount of $600 was unexpectedly received from this customer. Management does not expe any future collections from this customer. The company uses the direct write off method to account for its uncollectible accounts. Prepare the necessary journal entry on January 15 to record the events by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. Prepare two separate journal entries. The first journal entry is to record the reinstatement of the account receivable and the second to record the receipt of cash. View transaction list Journal entry worksheet 1 2 Prepare the journal entry to record the reinstatement of the account receivable. Note: Enter debits before credits. Debit Credit General Journal Date Jan. 15
