Fan Tastic Sports Gear Inc You have just been hired as the accountant for Fan Tastic Sports Gear Inc , a wholesaler of sporting goods and apparel The previous accountant left abruptly in late December, 20Y7, and an accounting intern has been drafting the journal entries since January You are examining the accounting records before finalizing the journal entries for the first quarter of 20Y8 The following journal shows some of the accounts receivable transactions that you are reviewing Journal Date Description Debit Credit Jan 17 Sales 9,800 Bad Debt Expense 9,800 17 Bad Debt Expense 9,800 Accounts Receivable CJs Sports Corp 9,800 21 Cash 10,800 Bad Debt Expense 2,100 Accounts Receivable Four Seasons Sportswear Co 12,900 Feb 15 Accounts Receivable Healthy Running Inc 3,000 Bad Debt Expense 500 Sales 3,500 Mar 4 Accounts Receivable Four Seasons Sportswear Co 2,100 Bad Debt Expense 2,100 4 Cash 2,100 Bad Debt Expense 2,100 13 Cash 5,540 Accounts Receivable Barbs Best Gear 5,540 31 Bad Debt Expense 21,070 Accounts Receivable Healthy Running Inc 5,350 Accounts Receivable The Locker Room 4,100 Accounts Receivable CJs Sports Corp 2,780 Accounts Receivable Get Your Gear Inc 7,050 Accounts Receivable Ready 2 Go 1,790 Finalize the journal entries shown on the Fan Tastic Sports Gear Inc panel and make any necessary changes If an amount box does not require an entry, leave it blank Jan 17 Allowance for Doubtful AccountsAccounts Receivable Healthy Running Inc CashSalesInterest Expenses Accounts Receivable CJ's Sports Corp Accounts Receivable Healthy Running Inc CashSalesInterest Expenses Jan 21 Accounts Receivable Ready 2 GoAccounts Receivable Healthy Running Inc CashSalesInterest Expenses Accounts Receivable CJ's Sports Corp Accounts Receivable Healthy Running Inc Allowance for Doubtful AccountsSalesInterest Expenses Accounts Receivable CJ's Sports Corp Accounts Receivable Healthy Running Inc Accounts Receivable Four Seasons Sportswear Co SalesInterest Expenses Feb 15 Accounts Receivable CJ's Sports Corp Accounts Receivable Healthy Running Inc Accounts Receivable The Locker RoomSalesInterest Expenses Accounts Receivable CJ's Sports Corp Accounts Receivable Barb's Best GearAccounts Receivable The Locker RoomSalesInterest Expenses Mar 4 Accounts Receivable CJ's Sports Corp Accounts Receivable Healthy Running Inc Accounts Receivable The Locker RoomAccounts Receivable Four Seasons Sportswear Co Interest Expenses Accounts Receivable CJ's Sports Corp Accounts Receivable Healthy Running Inc Allowance for Doubtful AccountsSalesInterest Expenses Mar 4 Accounts Receivable CJ's Sports Corp Accounts Receivable Healthy Running Inc Accounts Receivable The Locker RoomCashInterest Expenses Accounts Receivable CJ's Sports Corp Accounts Receivable Healthy Running Inc Accounts Receivable The Locker RoomAccounts Receivable Four Seasons Sportswear Co Interest Expenses Mar 13 Allowance for Doubtful AccountsAccounts Receivable Healthy Running Inc Accounts Receivable The Locker RoomCashSales Allowance for Doubtful AccountsAccounts Receivable Healthy Running Inc Accounts Receivable The Locker RoomAccounts Receivable Barb's Best GearSales Mar 31 Allowance for Doubtful AccountsCost of Goods SoldBonds PayableSalesInterest Expenses Accounts Receivable Healthy Running Inc Cost of Goods SoldBonds PayableSalesInterest Expenses Accounts Receivable The Locker RoomGain on Redemption of BondsInterest RevenueInterest ExpensesSales Accounts Receivable CJ's Sports Corp Bonds PayableDiscount on Bonds PayableSalesInterest Expenses Accounts Receivable Get Your Gear Inc Cost of Goods SoldNotes PayableSalesInterest Expenses Accounts Receivable Ready 2 GoCost of Goods SoldNotes PayableSalesInterest Expenses

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Fan-Tastic Sports Gear Inc. You have just been hired as the accountant for Fan-Tastic Sports Gear Inc., a wholesaler of sporting goods and apparel. The

Fan-Tastic Sports Gear Inc.

You have just been hired as the accountant for Fan-Tastic Sports Gear Inc., a wholesaler of sporting goods and apparel. The previous accountant left abruptly in late December, 20Y7, and an accounting intern has been drafting the journal entries since January. You are examining the accounting records before finalizing the journal entries for the first quarter of 20Y8. The following journal shows some of the accounts receivable transactions that you are reviewing.

Journal
Date	Description	Debit	Credit
Jan. 17	Sales	9,800
	Bad Debt Expense		9,800

17	Bad Debt Expense	9,800
	Accounts Receivable-CJs Sports Corp.		9,800

21	Cash	10,800
	Bad Debt Expense	2,100
	Accounts Receivable-Four Seasons Sportswear Co.		12,900

Feb. 15	Accounts Receivable-Healthy Running Inc.	3,000
	Bad Debt Expense	500
	Sales		3,500

Mar. 4	Accounts Receivable-Four Seasons Sportswear Co.	2,100
	Bad Debt Expense		2,100

4	Cash	2,100
	Bad Debt Expense		2,100

13	Cash	5,540
	Accounts Receivable-Barbs Best Gear		5,540

31	Bad Debt Expense	21,070
	Accounts Receivable-Healthy Running Inc.		5,350
	Accounts Receivable-The Locker Room		4,100
	Accounts Receivable-CJs Sports Corp.		2,780
	Accounts Receivable-Get Your Gear Inc.		7,050
	Accounts Receivable-Ready-2-Go		1,790

Finalize the journal entries shown on the Fan-Tastic Sports Gear Inc. panel and make any necessary changes. If an amount box does not require an entry, leave it blank.

Jan. 17	Allowance for Doubtful AccountsAccounts Receivable-Healthy Running Inc.CashSalesInterest Expenses
	Accounts Receivable-CJ's Sports Corp.Accounts Receivable-Healthy Running Inc.CashSalesInterest Expenses
Jan. 21	Accounts Receivable-Ready-2-GoAccounts Receivable-Healthy Running Inc.CashSalesInterest Expenses
	Accounts Receivable-CJ's Sports Corp.Accounts Receivable-Healthy Running Inc.Allowance for Doubtful AccountsSalesInterest Expenses
	Accounts Receivable-CJ's Sports Corp.Accounts Receivable-Healthy Running Inc.Accounts Receivable-Four Seasons Sportswear Co.SalesInterest Expenses
Feb. 15	Accounts Receivable-CJ's Sports Corp.Accounts Receivable-Healthy Running Inc.Accounts Receivable-The Locker RoomSalesInterest Expenses
	Accounts Receivable-CJ's Sports Corp.Accounts Receivable-Barb's Best GearAccounts Receivable-The Locker RoomSalesInterest Expenses
Mar. 4	Accounts Receivable-CJ's Sports Corp.Accounts Receivable-Healthy Running Inc.Accounts Receivable-The Locker RoomAccounts Receivable-Four Seasons Sportswear Co.Interest Expenses
	Accounts Receivable-CJ's Sports Corp.Accounts Receivable-Healthy Running Inc.Allowance for Doubtful AccountsSalesInterest Expenses
Mar. 4	Accounts Receivable-CJ's Sports Corp.Accounts Receivable-Healthy Running Inc.Accounts Receivable-The Locker RoomCashInterest Expenses
	Accounts Receivable-CJ's Sports Corp.Accounts Receivable-Healthy Running Inc.Accounts Receivable-The Locker RoomAccounts Receivable-Four Seasons Sportswear Co.Interest Expenses
Mar. 13	Allowance for Doubtful AccountsAccounts Receivable-Healthy Running Inc.Accounts Receivable-The Locker RoomCashSales
	Allowance for Doubtful AccountsAccounts Receivable-Healthy Running Inc.Accounts Receivable-The Locker RoomAccounts Receivable-Barb's Best GearSales
Mar. 31	Allowance for Doubtful AccountsCost of Goods SoldBonds PayableSalesInterest Expenses
	Accounts Receivable-Healthy Running Inc.Cost of Goods SoldBonds PayableSalesInterest Expenses
	Accounts Receivable-The Locker RoomGain on Redemption of BondsInterest RevenueInterest ExpensesSales
	Accounts Receivable-CJ's Sports Corp.Bonds PayableDiscount on Bonds PayableSalesInterest Expenses
	Accounts Receivable-Get Your Gear Inc.Cost of Goods SoldNotes PayableSalesInterest Expenses
	Accounts Receivable-Ready-2-GoCost of Goods SoldNotes PayableSalesInterest Expenses