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Prepare journal entries to record the following transactions entered into by the Marigold Corp.: (Credit account titles are automatically indented when the amount is entered.
Prepare journal entries to record the following transactions entered into by the Marigold Corp.: (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) 2021 June 1 Nov. 1 Nov. 5 Nov. 9 Dec. 31 2022 June 1 Received a $11,600, 6%, 1-year note from Dan Gore as full payment on his account. Sold merchandise on account to Barlow, Inc., for $19,000, terms 3/10, n/30. Barlow, Inc., returned merchandise worth $1,300. Received payment in full from Barlow, Inc. Accrued interest on Gore's note. Dan Gore honored his promissory note by sending the face amount plus interest. Account Titles and Explanation Date 2021 Debit Credit The ledger of the Metlock, Inc. at the end of the current year shows Accounts Receivable of $244,000. If Allowance for Doubtful Accounts has a credit balance of $4,100 in the trial balance and bad debts are expected to be 9% of accounts receivable, Journalize the adjusting entry for the end of the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit If Allowance for Doubtful Accounts has a debit balance of $4,100 in the trial balance and bad debts are expected to be 9% of accounts receivable, journalize the adjusting entry for the end of the period. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit
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