Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Just need the Journal entries Instructions Dec 31 SULAR, WHO Journalread the receipt of $3,870 cash in hul payment of the count Wrote of the

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

Just need the Journal entries

Instructions Dec 31 SULAR, WHO Journalread the receipt of $3,870 cash in hul payment of the count Wrote of the following accounts as uncollectible (one entry): Beth Conny Inc. $7245 DeVine Ca. 95,595, Moser Dibutors. 30.500, Conan Optics, $1.060 Based on an analysis of the $1.760.500 of accounts receivable ested that $35.00 will be uncollectible, Jou red the adjusting entry Dec 31 Required: 1. Record the January 1 credit baie of 1.25 330 in a ccount for Allowance for Doubl e 2. A Journale me transactions. For the December 31 aug entry the 31,769.00 e in accounts receiv e s the adjustments made in the year ter to the chart of accounts for a ng of the accountries the company uses B. Postech ryw affects the following selected T accounts and determine the new balances: Allow or Do Accounts and Bad Debt Experie 3. Determine the expected netrade wat althe accounts as of December 31 war of the users and the sing 4. Asuing that instead of basing the provision for collectie accounts on analysis of les the acting arcy on December been based on an estimated m ense of of the sales of 420.000 for the year. desemine the A Bad dateenise for the year B Balance in the allowance account there a re of December 31 C Expected nearble of the account s of December 31 Previous Shaded the feed JOURNAL POST REF D EST CREDIT ASSETS ABILITIES EQUITY Check My Won Instruction Chart of BMS TALLRUNIS seurall Pinal questions Fine Sons Pines B S entence in the theme of December Emale See Instructions Dec 31 SULAR, WHO Journalread the receipt of $3,870 cash in hul payment of the count Wrote of the following accounts as uncollectible (one entry): Beth Conny Inc. $7245 DeVine Ca. 95,595, Moser Dibutors. 30.500, Conan Optics, $1.060 Based on an analysis of the $1.760.500 of accounts receivable ested that $35.00 will be uncollectible, Jou red the adjusting entry Dec 31 Required: 1. Record the January 1 credit baie of 1.25 330 in a ccount for Allowance for Doubl e 2. A Journale me transactions. For the December 31 aug entry the 31,769.00 e in accounts receiv e s the adjustments made in the year ter to the chart of accounts for a ng of the accountries the company uses B. Postech ryw affects the following selected T accounts and determine the new balances: Allow or Do Accounts and Bad Debt Experie 3. Determine the expected netrade wat althe accounts as of December 31 war of the users and the sing 4. Asuing that instead of basing the provision for collectie accounts on analysis of les the acting arcy on December been based on an estimated m ense of of the sales of 420.000 for the year. desemine the A Bad dateenise for the year B Balance in the allowance account there a re of December 31 C Expected nearble of the account s of December 31 Previous Shaded the feed JOURNAL POST REF D EST CREDIT ASSETS ABILITIES EQUITY Check My Won Instruction Chart of BMS TALLRUNIS seurall Pinal questions Fine Sons Pines B S entence in the theme of December Emale See

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Concepts For A Changing Environment

Authors: Larry E. Rittenberg, Bradley J. Schwieger

5th Edition

0324223102, 978-0324223101

More Books

Students also viewed these Accounting questions