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HELP Problem #5-Account Analysis & Adjustments Directions: Yellow Supreme Company's records provide the following information concerning certain account balances and changes in these account balances
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Problem #5-Account Analysis & Adjustments Directions: Yellow Supreme Company's records provide the following information concerning certain account balances and changes in these account balances during the current year. Transaction information is missing from each item below. Prepare the journal entry requested for each situation. (Consider each case independently.) Case #1: Accounts Receivable, lan 1, balance S40,000, Dec. 31, balance S55 00 uncollectible accounts written off during the year $5,000, Accounts Receivable collected during the year $135,000 Prepare the entry to record sales on 6 account. Date Description Debit Credit 10 Case #1 14 Notes: Case 82: Supplies, Jan. 1 balance S650, Dec. 31 balance $425, supplies used during the year were $800. Prepare the Cover Steet prot lern #1 ProblemW Probiern, Problem #4 Problemes problemi AB C Case #2: Supplies, Jan. 1 balance S650, Dec. 31 balance S425, supplies used during the year were S800. Prepare the entry to record supplies purchased on account this year. Date Description Debit Credit 27 Case #2 32 Notes 34 Case #3: Accounts Payable, Jan. 1 balance $20,000, Dec 31 balance $42,000, purchases on account for the year $122,000, Prepare the entry to record payments on account Date Description Debit Credit Case #3 46 \ Cover Sheet | Probiern #1 Problema2 Problem#3 | Problem aa Problems Problem #6 Case #3 AB: Notes: 56 Case #4: Interest Receivable, Jan. 1 balance S3000, Dec. 31 balance S2000, earned for the year S25,000. Prepare the entry to record cash interest received. 58 59 Date Description Debit Credit Case #4 63 64 67 Notes: 70 Cover Sheet | Problem #1,1 Problern #2 : Problem #3 Prot Step by Step Solution
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