Question
On January 1, 2022,Blossom Companyhad Accounts Receivable of $51,600and Allowance for Doubtful Accounts of $4,100.Blossom Companyprepares financial statements annually. During the year, the following selected
On January 1, 2022,Blossom Companyhad Accounts Receivable of $51,600and Allowance for Doubtful Accounts of $4,100.Blossom Companyprepares financial statements annually. During the year, the following selected transactions occurred:
Jan.5Sold $4,600of merchandise to Rian Company, terms n/30.Feb.2Accepted a $4,600,4-month,9% promissory note from Rian Company for balance due.12Sold $11,100of merchandise to Cato Company and accepted Cato's $11,100,2-month,10% note for the balance due.26Sold $4,900of merchandise to Malcolm Co., terms n/10.Apr.5Accepted a $4,900,3-month,8% note from Malcolm Co. for balance due.12Collected Cato Company note in full.June2Collected Rian Company note in full.15Sold $2,100of merchandise to Gerri Inc. and accepted a $2,100,6-month,12% note for the amount due.
Journalize the transactions. (Omit cost of goods sold entries.)(Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Date
Account Titles and Explanation
Debit
Credit
Choose a transaction date
Jan. 5
Feb. 2
Feb. 12
Feb. 26
Apr. 5
Apr.12
June 2
June 15
Enter an account title
Enter a debit amount
Enter a credit amount
Enter an account title
Enter a debit amount
Enter a credit amount
Choose a transaction date
Jan. 5
Feb. 2
Feb. 12
Feb. 26
Apr. 5
Apr.12
June 2
June 15
Enter an account title
Enter a debit amount
Enter a credit amount
Enter an account title
Enter a debit amount
Enter a credit amount
Choose a transaction date
Jan. 5
Feb. 2
Feb. 12
Feb. 26
Apr. 5
Apr.12
June 2
June 15
Enter an account title
Enter a debit amount
Enter a credit amount
Enter an account title
Enter a debit amount
Enter a credit amount
Choose a transaction date
Jan. 5
Feb. 2
Feb. 12
Feb. 26
Apr. 5
Apr.12
June 2
June 15
Enter an account title
Enter a debit amount
Enter a credit amount
Enter an account title
Enter a debit amount
Enter a credit amount
Choose a transaction date
Jan. 5
Feb. 2
Feb. 12
Feb. 26
Apr. 5
Apr.12
June 2
June 15
Enter an account title
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