Question
Journalize the following transactions using the allowance method of accounting for uncollectible receivables. Apr. 1 Sold merchandise on account to Jim Dobbs, $8,760. The cost
Journalize the following transactions using the allowance method of accounting for uncollectible receivables. Apr. 1 Sold merchandise on account to Jim Dobbs, $8,760. The cost of the merchandise is $4,380. If an amount box does not require an entry, leave it blank. Apr. 1 fill in the blank d94c3d03cff6fbc_2 fill in the blank d94c3d03cff6fbc_3 fill in the blank d94c3d03cff6fbc_5 fill in the blank d94c3d03cff6fbc_6 Apr. 1 fill in the blank d94c3d03cff6fbc_8 fill in the blank d94c3d03cff6fbc_9 fill in the blank d94c3d03cff6fbc_11 fill in the blank d94c3d03cff6fbc_12 June 10 Received payment for one-third of the receivable from Jim Dobbs and wrote off the remainder. If an amount box does not require an entry, leave it blank. June 10 fill in the blank 3c2aca093054048_2 fill in the blank 3c2aca093054048_3 fill in the blank 3c2aca093054048_5 fill in the blank 3c2aca093054048_6 fill in the blank 3c2aca093054048_8 fill in the blank 3c2aca093054048_9 Oct. 11 Reinstated the account of Jim Dobbs and received cash in full payment. If an amount box does not require an entry, leave it blank. Oct. 11 fill in the blank 8fe33cf4efd7fd7_2 fill in the blank 8fe33cf4efd7fd7_3 fill in the blank 8fe33cf4efd7fd7_5 fill in the blank 8fe33cf4efd7fd7_6 Oct. 11 fill in the blank 8fe33cf4efd7fd7_8 fill in the blank 8fe33cf4efd7fd7_9 fill in the blank 8fe33cf4efd7fd7_11 fill in the blank 8fe33cf4efd7fd7_12 Using the following information: The bank statement balance is $5,304. The cash account balance is $5,754. Outstanding checks amounted to $785. Deposits in transit are $1,192. The bank service charge is $34. A check for $71 for supplies was recorded as $62 in the ledger. Prepare a bank reconciliation for Candace Co. for May 31. Candace Co. Bank Reconciliation May 31 Cash balance according to bank statement $fill in the blank 1 fill in the blank 3 fill in the blank 5 Adjusted balance $fill in the blank 6 Cash balance according to company's records $fill in the blank 7 $fill in the blank 9 fill in the blank 11 fill in the blank 12 Adjusted balance $fill in the blank 13
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