NEXT ONTERVERSO BACK ASSIGNMENT RESsouRCES Chapter 7&-Past Lecture Assignment Problem 8-2A At the beginning of the current period, Tri Town Enterprises Ltd. had balances in Accounts Receivable of $2,093,000 and in Allowance for Doubtful Accounts of $140,000 (credit). During the period, Tri Town had credit sales of $4,328,000 with cost of goods sold of $3,090,000 and collections of $5,214,000. It wrote off $185,000 of accounts receivable However, a $25,000 account written off as uncollectible was recovered before the end of the current period. Uncollectible accounts are estimated to total $88,000 at the end of the period. Problem 2-6A trem1A 2 em5 oem 6 Review Scere Review Resuts y Study Oie ob Ste Prepare the entries to record sales and collections during the period. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) ATs nd Espt ed al Ted of s Temd ecion N TO TE N TO TET TO TEY Prepare the entry to record the write off of the $185,000 of accounts deemed uncollectible during the period. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) ATdes and Expm Te T TO TERT LIN TO TET Prepare the entry(ies) to record the collection of the $25,000 account written off as part of the uncollectible accounts. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) A Ts ad Epst e wo of l eod faco TO TET LINK TO TEET N TO TET NEXT PONTERVERSO BACK ASSIGNMENT RESOURCES Chapter 7 &8 Pest Lecture Assignment Prepare the entry to record bad debts expense for the period. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Problem 2-66 Problem 7-74 Prolem 2:1 Probiem8-24 roem56 Proem6 A Ties and Explanati Cd Reviw Scere Review Rests by Stuty Objective obile Site LINK TO TEXT IINE TO TEY NK TO TEXT (1) Prepare T accounts for Accounts Receivable and Allowance for Doubtful Accounts, (2) enter the opening balances, (3) post the journal entries prepared above, and (4) determine the ending balances. (Post entries in the order of journal entries presented in the previous question.) Accounts Receivable Allowance for Doubtful Accounts LENK TO TEXT LINE TO TEY uN TO TEXT Show the statement of financial position presentation of the receiva bles at the end of the period. TRI TOWN ENTERPRISES LTD. Statement of Financial Position (partial) Assets LINE TO TENY LINK TO TEXT LINK TO TENT Question Attempts: 0 of 3 used
