Prepare general journal entries to record the following transactions for the Harris Company. (The company uses the balance sheet approach for recording bad debts expense.)

2010

Dec.31Recorded Bad Debts Expense, $800

2011

Jan.3Wrote off Jal's account as uncollectible, $60

Mar.4Wrote off Hall's account as uncollectible, $75

Jul.5Recovered $45 from Hall

Aug. 19Wrote off M. Wilson's account as uncollectible, $100

Nov.7Recovered $25 from Jal

This is what I have so far:

Part B

(1)

-----------------------------Column 1------------------------------Column 2 ------------------------Column 3-------------------------Column 4

Interest Payable--------Liability-------------------------------Credit------------------------------Balance Sheet------------------Temporary

(2)

-----------------------------Column 1------------------------------Column 2 ------------------------Column 3-------------------------Column 4

Interest Receivable------Income-------------------------------Debit------------------------------Balance Sheet------------------Temporary

(3)

-------------------------------------------Column 1------------------------------Column 2 ------------------------Column 3-------------------------Column 4

Discount on Notes Payable--------Expense-------------------------------Debit--------------------------Income Statement-----------------Temporary

(4)

-----------------------------Column 1------------------------------Column 2 ------------------------Column 3-------------------------Column 4

Store Equipment--------Asset-------------------------------Debit-----------------------------Balance Sheet------------------Permanent