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ook Show Me How llowance method Chart of Accounts Journal E Instructions Apr 15 Received $950 from Joe Brown and wrote off the remainder owed

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ook Show Me How llowance method Chart of Accounts Journal E Instructions Apr 15 Received $950 from Joe Brown and wrote off the remainder owed of $4 230 as uncollectible Aug 7 Reinstated the account of Joe Brown and received $4,230 cash in full payment Required: Journalize the above transactions using the allowance method of accounting for uncollectible receivables Refer to the chart of a for the exact wording of the account titles. CNOW joumals do not use lines for journal explanations. Every line on a journal page for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered hart of Accounts CHART OF ACCOUNTS General Ledger ASSETS REVENUE 110 Cash 410 Sales 111 Petty Cash 610 Interest Revenue 121 Accounts Receivable-Joe Brown 129 Allowance for Doubtful Accounts EXPENSES 131 Interest Receivable 510 Cost of Merchandise Sold 520 Sales Salaries Expense 132 Notes Receivable 141 Merchandise Inventory 3145 Office Supplies 521 Advertising Expense 522 Depreciation Expense-Store Equipment 523 Delivery Expense 524 Repairs Expense 146 Store Supplies 151 Prepaid Insurance 181 Land 529 Selling Expenses Innins cannnnel Chart of Accounts 181 Land 529 Selling Expenses 530 Office Salaries Expense 531 Rent Expense 191 Store Equipment 192 Accumulated Depreciation Store Equipment 193 Office Equipment 194 Accumulated Depreciation Office Equipment 532 Depreciation Expense-Office Equipment 533 Insurance Expense 534 Office Supplies Expense 535 Store Supplies Expense LIABILITIES 210 Accounts Payable 536 Credit Card Expense 211 Salaries Payable 537 Cash Short and Over 213 Sales Tax Payable 214 Interest Payable 538 Bad Debt Expense 539 Miscellaneous Expense 710 Interest Expense 215 Notes Payable EQUITY 310 Owner Capital 311 Owner Drawing 312 Income Summary eBOOK Show Me How Allowance method Journal Chart of Accounts Journal TCNOWjournals Go nor use was Tor joumarexplanations. Every line on a journal page is used to deal or crear entries CNOW Tournals Wwl atom entry when a credit amount is entered JOURNAL ACCO DATE DESCRIPTION POSTE REF DEBIT CREDIT ASSETS 2 3

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