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GRADED PROJECT Directions: Be sure to make an electronic copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated,
GRADED PROJECT Directions: Be sure to make an electronic copy of your answer before submitting it to Ashworth College for grading. Unless otherwise stated, answer in complete sentences, and be sure to use correct English spelling and grammar. Sources must be cited in APA format. Your response should be a minimum of one (1) single-spaced page to a maximum of two (2) pages in length; refer to the "Assignment Format" page for specific format requirements. Part A (30 points) Prepare general journal entries to record the following transactions for the Harris Company. (The company uses the balance sheet approach for recording bad debts expense.) 2010 Dec. 31 Recorded Bad Debts Expense, $800 2011 Jan. 3 Wrote off Jal's account as uncollectible, $60 Mar. 4 Wrote off Hall's account as uncollectible, $75 Jul. 5 Aug. 19 Nov. 7 Part B Recovered $45 from Hall Wrote off M. Wilson's account as uncollectible, $100 Recovered $25 from Jal (10 points each for a possible total of 40 points) For each of the following, identify in Column 1 the category to which the ac belongs, in Column 2 the normal balance for the account, in Column 3 the financial statement that the account in which the account balance is report and in Column 4 the account's nature (temporary/permanent).
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