Looking for help on #9-1A 9-2A and 9-3A, just want to check my math
Chapter 9 Practice Exercises Example Exercises (I EE9-' 4es PE9-1A Direct write-o" method How ournalize the following transactions, using the direct write-off method of uncollectible receivables: Apr. 15. Received $800 from Jean Tooley and wrote off the remainder owed Aug. 7. Reinstated the account of Jean Tooley and received $1,200 cash in ful PE 9-1B of s$1.0 uncollectible. full payme EE9-1 p 445 Direct write-off method Journalize the following transactions, using the direct write-off method of uncollectible receivables: Oct. 2, Received $600 frorn Rachel Elpel and wrote off the remainder owed of Dec. 20. Reinstated the account of Rachel Elpel and received $1,350 cash in full $1.350 as uncollectible. EE9-2p 447 PE 9-2A Allowance method Journalize the following transactions, using the allowance method of uncollectible receivables: Apr. 15. Received $800 from Jean Teley and wrote off the remainder owed of $1200 Aug. 7. Reinstated the account of Jean Tooley and received $1,200 cash in full payment uncollectible. EE9-2 p447 PE 9-2B Allowance method Journalize the following transactions, using the allowance method of accounting uncollectible receivables: Oct. 2. Received $600 from Rachel Elpel and wrote off the remainder owed of $1,350a Dec. 20. Reinstated the account of Rachel Elpel and received $1,350 cash in full payment. uncollectible Percent of sales method PE 9-3A At the end of the current year, Accounts Receivable has a balance of $3,750,000, Allow- ance for Doubtful Accounts has a credit balance of $22,750, and sales for the year toal $48,400,000. Bad debt expense is estimated at of 1% of sales. EE9-3 p449 OBLL Determine (a) the amount of the adjusting entry for uncollectible accounts; (b) the adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Bad Debt Expense; and (c) the net realizable value of accounts receivable. Percent of sales method PE 9-38 At the end of the current year, Accounts Receivable has a balance of $3,460,000, Allow ance for Doubtful Accounts has a debit balance of $12,500, and sales for the year $46,300,000. Bad debt expense is estimated at of 1% of sales. EE 9-3 p 449 0B14 Determine (a) the amount of the adjusting entry for uncollectible accounts( adjusted balances of Accounts Receivable, Allowance for Doubtful Accounts, and Ba Debt Expense; and (c) the net realizable value of accounts receivable