PER 12-Jun 12-Jun 12-Jun 18-Jun 20-Jun 21-Jun 24-Jun 26-Jun Cheque Cheque Cheque Cheque Deposit 120 1821831 29-Jun 6. ) 3.AT Cheques/Charges Bank Statement Deposits/Credits 31-May #884 #883 6/1 10,050.00 12.192.92 2137492 22 #876 #889 #882 2,680.00 868.00 3,290.00 126.00 619 1,248.00T 3,659.00 6/9) 6/12 6/14 18,084.92 20,638.92 19390.92 15,73192 T 6887 1885 1891 #886 SC 6/21 Notes: 6/29 Cheque #887 was recorded incorrectly by the bot purchase. Cheque #891 was recorded incorrectly by the bank 90 Prepare the bank reconciliation at June 30, 2015. 3) Each December 31, Extra Company is its root the amount of its adjustment for bad debts. At the end of this year, mang estimated that $56,900 of the accounts receivable bale w e uncollectible. The Allowance for Doubtful Accounts on bac balance of $3,200. Prepare the adjusting lommal entry that Exten Com should make on December 31 of the current year, to estimate bala tom 4) Stiller Company uses the allowance method to account for badets In the first year of operations (2014), Stiller sold $540,000 of merchandise on credit, including a $2,500 sale to Bubba Long. On December 31, 2014, provided an addition to its allowance for doubtful accounts equal to 1.8% ofta credit sales. On June 1, 2015, Stiller wrote off as uncollectible the $2.500 con f Bubba Long; and on December 25, 2015 Bubba Long unexpectedly paid bis count in full. p epare the journal entries that Stiller Company should make: On December 31, 2014, to increase the allowance for doubtful accounts. In June 1, 2015, to write off the bad debt. December 25, 2015, to record the unexpected collection from Bubba PER 12-Jun 12-Jun 12-Jun 18-Jun 20-Jun 21-Jun 24-Jun 26-Jun Cheque Cheque Cheque Cheque Deposit 120 1821831 29-Jun 6. ) 3.AT Cheques/Charges Bank Statement Deposits/Credits 31-May #884 #883 6/1 10,050.00 12.192.92 2137492 22 #876 #889 #882 2,680.00 868.00 3,290.00 126.00 619 1,248.00T 3,659.00 6/9) 6/12 6/14 18,084.92 20,638.92 19390.92 15,73192 T 6887 1885 1891 #886 SC 6/21 Notes: 6/29 Cheque #887 was recorded incorrectly by the bot purchase. Cheque #891 was recorded incorrectly by the bank 90 Prepare the bank reconciliation at June 30, 2015. 3) Each December 31, Extra Company is its root the amount of its adjustment for bad debts. At the end of this year, mang estimated that $56,900 of the accounts receivable bale w e uncollectible. The Allowance for Doubtful Accounts on bac balance of $3,200. Prepare the adjusting lommal entry that Exten Com should make on December 31 of the current year, to estimate bala tom 4) Stiller Company uses the allowance method to account for badets In the first year of operations (2014), Stiller sold $540,000 of merchandise on credit, including a $2,500 sale to Bubba Long. On December 31, 2014, provided an addition to its allowance for doubtful accounts equal to 1.8% ofta credit sales. On June 1, 2015, Stiller wrote off as uncollectible the $2.500 con f Bubba Long; and on December 25, 2015 Bubba Long unexpectedly paid bis count in full. p epare the journal entries that Stiller Company should make: On December 31, 2014, to increase the allowance for doubtful accounts. In June 1, 2015, to write off the bad debt. December 25, 2015, to record the unexpected collection from Bubba
