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Instructions The following transactions were completed by Daws Company during the current fiscal year ended December 31 Jan. 29 Apr 18 Aug. 9 Received 35%

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Instructions The following transactions were completed by Daws Company during the current fiscal year ended December 31 Jan. 29 Apr 18 Aug. 9 Received 35% of the $9,000 balance owed by Kovar Co., a bankrupt business, and wrote off the remainder as uncollectible. Reinstated the account of Spencer Clark, which had been written off in the preceding year as uncollectible. Journalized the receipt of $4,000 cash in full payment of Clark's account. Wrote off the $11,850 balance owed by Iron Horse Co., which has no assets: Reinstated the account of Vinyl Co., which had been written off in the preceding year as uncollectible Journalized the receipt of $7.000 cash in full payment of the account Wrote off the following accounts as uncollectible (one entry): Beth Connelly Inc. $12,100: DeVine Co. $8,110; Moser Distributors, $21.950; Oceanic Optics, $10,000 Nov. 7 Dec. 31 Dec. 31 Based on an analysis of the $1,450,000 of accounts receivable, it was estimated that $60,000 will be Instructions The following transactions were completed by Daws Company during the current fiscal year ended December 31 Jan. 29 Apr 18 Aug. 9 Received 35% of the $9,000 balance owed by Kovar Co., a bankrupt business, and wrote off the remainder as uncollectible. Reinstated the account of Spencer Clark, which had been written off in the preceding year as uncollectible. Journalized the receipt of $4,000 cash in full payment of Clark's account. Wrote off the $11,850 balance owed by Iron Horse Co., which has no assets: Reinstated the account of Vinyl Co., which had been written off in the preceding year as uncollectible Journalized the receipt of $7.000 cash in full payment of the account Wrote off the following accounts as uncollectible (one entry): Beth Connelly Inc. $12,100: DeVine Co. $8,110; Moser Distributors, $21.950; Oceanic Optics, $10,000 Nov. 7 Dec. 31 Dec. 31 Based on an analysis of the $1,450,000 of accounts receivable, it was estimated that $60,000 will be

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