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Quality Auto Parts, Inc., completed the following selected transactions during 2018: (Click the icon to view the transactions.) Read the requirements. More info > -
Quality Auto Parts, Inc., completed the following selected transactions during 2018: (Click the icon to view the transactions.) Read the requirements. More info > - Jan 17 Jun 29 Aug 6 Sold inventory to Riley Brunswick, $1,300, on account. Ignore cost of goods sold. Wrote off the Riley Brunswick account as uncollectible after repeated efforts to collect from him. Received $200 from Riley Brunswick, along with a letter stating his intention to pay within 30 days. Reinstated his account in full. Received the balance due from Riley Brunswick. Made a compound entry to write off the following accounts as uncollectible: Bill Kappy, $700; Titus McKay, $250; and Susie Stein, $200. Based on an aging of accounts receivable, estimated uncollectible accounts as $4,200. Sep 4 Oct 31 Dec 31
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