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Instructions Apr. 15. Received $1,080 from Jean Tooley and wrote off the remainder owed of $4,350 as uncollectible. Aug 7. Reinstated the account of Jean
Instructions Apr. 15. Received $1,080 from Jean Tooley and wrote off the remainder owed of $4,350 as uncollectible. Aug 7. Reinstated the account of Jean Tooley and received $4,350 cash in full payment. Journalize the above transactions, using the allowance method of accounting for uncollectible receivables. Refer to the Chart of Accounts for exact wording of account titles. Journal Journalize the transactions, using the allowance method of accounting for uncollectible receivables. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL ACCOUNTING FOLLATION ASSETS LIABILITIES EQUITY DATE DESCRIPTION POST. REF. DEBIT CREDIT 1 2 3 4 5 6 7 CHART OF ACCOUNTS General Ledger ASSETS REVENUE 110 Cash 410 Sales 111 Petty Cash 610 Interest Revenue 121 Accounts Receivable-Jean Tooley 129 Allowance for Doubtful Accounts EXPENSES 131 Interest Receivable 510 Cost of Merchandise Sold 132 Notes Receivable 520 Sales Salaries Expense 521 Advertising Expense 141 Merchandise Inventory 145 Office Supplies 522 Depreciation Expense-Store 146 Store Supplies Equipment 151 Prepaid Insurance 523 Delivery Expense 181 Land 524 Repairs Expense 191 Store Equipment 192 Accumulated Depreciation-Store Equipment 529 Selling Expenses 530 Office Salaries Expense 531 Rent Expense 532 Depreciation Expense-Office 193 Office Equipment 194 Accumulated Depreciation Office Equipment Equipment 533 Insurance Expense 534 Office Supplies Expense LIABILITIES 535 Store Supplies Expense 536 Credit Card Expense 210 Accounts Payable 211 Salaries Payable 213 Sales Tax Payable 537 Cash Short and Over 538 Bad Debt Expense 539 Miscellaneous Expense 214 Interest Payable 215 Notes Payable 710 Interest Expense EQUITY 310 Owner, Capital 311 Owner, Drawing 312 Income Summary
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