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Hello, was hoping you could double-check my work on CP2 A-I on pgs 381-382 of Financial & Managerial Accounting 16th Edition. Thank you. Please see
Hello, was hoping you could double-check my work on CP2 A-I on pgs 381-382 of "Financial & Managerial Accounting 16th Edition". Thank you. Please see question below:
Her is abetter view of the trial balance, missed a few lins the first time
DR. cr. Adjusting Entries (show computations). $25 5 a. Dec-31 Bank Service Charges $2,500 Accounts Receivable Cash To record bank service charge and NSF check returned $8,000 1 b.Dec-31 Unrealized Holding Gain on Investments Marketable Securities securities from $19,000 to the December 31st market 7 c.Dec-31 Uncollectable Accounts Expense $6,400 Allowance for Doubtful Accounts To record the portion of total accounts receivable estimated to be uncollectible. $2,525 $8,000 $6.400Step by Step Solution
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