Portillo Companys ledger at the end of the current year shows Accounts Receivable of $150,000.

Instructions

a. If Allowance for Doubtful Accounts has a credit balance of $3,000 in the trial balance and bad debts are expected to be 10% of accounts receivable, journalize the adjusting entry for the end of the period.

b. If Allowance for Doubtful Accounts has a debit balance of $3,000 in the trial balance and bad debts are expected to be 10% of accounts receivable, journalize the adjusting entry for the end of the period.

7. A $110 petty cash fund has cash of $15 and receipts of $90. The journal entry to replenish the account would include a credit to

8. A $100 petty cash fund has cash of $17 and receipts of $101. The journal entry to replenish the account would include a debit or credit to

9. A $100 petty cash fund has cash of $18 and receipts of $106. The journal entry to replenish the account would include a debit or credit to