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please answer all boxes. quick service would be very appreciated! On January 1, 2022. Swifty Corporation had Accounts Receivable of $53,000 and Allowance for Doubtful
please answer all boxes. quick service would be very appreciated! On January 1, 2022. Swifty Corporation had Accounts Receivable of $53,000 and Allowance for Doubtful Accounts of $3,500. Swifty Corporation prepares financial statements annually. During the year, the following selected transactions occurred: Jan. 5 Sold $4,200 of merchandise to Rian Company, terms n/30. Feb. 2 Accepted a $4,200,4-month, 9% promissory note from Rian Company for balance due. 12 Sold $13,200 of merchandise to Cato Company and accepted Cato's $13,200, 2 month, 9% note for the balance due. 26 Sold $5,400 of merchandise to Malcolm Co., terms /10. Apr. 5 Accepted a $5,400, 3-month, 8% note from Malcolm Co. for balance due 12 Collected Cato Company note in full. June 2 Collected Rian Company note in full. 15 Sold $2.100 of merchandise to GerriInc. and accepted a $2,100,6-month, 13% note for the amount due. Journalize the transactions. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is er indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit
please answer all boxes. quick service would be very appreciated!
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