Question
In the log provided, prepare journal entries for the following operations. December 1st sold for $600 to Katurah Wells. 12 Charged $400 from Katurah Wells.
In the log provided, prepare journal entries for the following operations.
December 1st sold for $600 to Katurah Wells.
12 Charged $400 from Katurah Wells.
31 An adjustment entry was made for Uncollectible Accounts Expense using the percentage of net sales method. Net sales for the year amounted to $14,000, with uncollectible accounts estimated at 2 percent, and Allowance for Uncollectible Accounts has a $50 credit balance before adjusting.
February 5 wrote off Katurah Wells' balance as she filed for bankruptcy.
17 Unexpectedly received $200 from Katurah Wells.
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Essentials Of Accounting For Governmental And Not-for-Profit Organizations
Authors: Paul Copley
14th Edition
1260570177, 978-1260570175
