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please answer it correctly! Question 5 of 6 -/17 E On January 1, 2022. Marigold Corp had Accounts Receivable of $57.700 and Allowance for Doubtful
please answer it correctly!
Question 5 of 6 -/17 E On January 1, 2022. Marigold Corp had Accounts Receivable of $57.700 and Allowance for Doubtful Accounts of $3.700. Marigold Corp. prepares financial statements annually. During the year, the following selected transactions occurred. Jan 5 Feb. 2 12 Sold $4.200 of merchandise to Rian Company, terms /30. Accepted a 54,200 4-month, 9% promissory note from Rian Company for balance due Sold $13,200 of merchandise to Cato Company and accepted Cato's $13.200, 2-month, 10% note. Sold $5,000 of merchandise to Malcolm Co., terms 1/10 Accepted a $5,000, 3-month.8% note from Malcolm Co. 26 Apr. 5 12 Collected Cato Company note in full. June 2 Collected Rian Company note in full. Sold $2,100 of merchandise to GerriInc and accepted a $2,100, 6-month, 12% note 15 Journalize the transactions. (Omit cost of goods sold entries. (Do not round intermediate calculations. Round final answers to o decimal places, e.g. 5,275. 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 for the amounts) 0 Date Account Titles and Explanation Debit Credit Homework Question 5 of 6 -/17 E Step by Step Solution
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