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please help by explaining! (: I need all of the answers still.. been stuck. each picture does not relate to each other. Oct. 3 Sold
please help by explaining! (: I need all of the answers still.. been stuck. each picture does not relate to each other.
Oct. 3 Sold 2 couches with a sales price of $2,050 per couch to customer Norman Guzman. Norman Guzman paid with his Draw Plus credit card. The Draw Plus credit card charges Forest Furniture a 3.50% usage fee based on the total sale per transaction. The cost for this sale is $1,700 per couch. Oct. 6 Sold 4 end chairs for a total sales price of $1,450 to April Orozco. April paid in full with cash. The cost of the sale is $800. Oct. 9 Sold 18 can lights with a sales price of $50 per light to customer James Montgomery. James Montgomery paid using his Fund Max credit card. Fund Max charges Forest Furniture a 2.40% usage fee based on the total sale per transaction. The cost for this sale is $31 per light. Oct. 12 Draw Plus made a cash payment in full to Forest Furniture for the transaction from Oct 3, less any usage fees. Oct. 15 Fund Max made a cash payment of 25% of the total due to Forest Furniture for the transaction from October 9th, less any usage fees. Oct. 25 Fund Max made a cash payment of the remainder due to Forest Furniture for the transaction from October 9, less any usage fees. If an amount box does not require an entry, leave it blank. If required, round final answers to two decimal places. Oct. 3 - Sale on credit Accounts Receivable: Draw Plus Credit Card Expense Sales Revenue Oct. 3 - Cost of goods sold Cost of Goods Sold Merchandise Inventory 1 Pets plus recorded $863,430 credit sales for the year and 5497,000 in occounts receivable. The uncollectible percentages 2.3% for the income statement method, and 3.0% for the balance sheet method A Record the year and adjusting entry for 2018 bad debt using the income statement method 11. Record the year and adjusting my for 2018 bad debt wing the balance sheet method C. Assume there was a previous debit balice in Allowance for Doubt Accounts of $10,220, record the year and entry for bad det the income statement method, and then the entry using the balance sheet method D). Assume there was previous credit balance in Allowance for Double Accounts of 55.670, record the year and entry for bed det om the contesten en wethod, and then the entry using the balance sheet method If an amant box does not to an entry, leave it blank. If required, round final answers to two decimal places A Dec 3 Mad De Allowance for the You cbrid hade det income tatimah 3. Dec. 31 To record bad debt bishethod I II II II DI II II II Dec 31 To chadebeestethod Dec 31 Step by Step Solution
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