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View Policies Current Attempt in Progress The trial balance of Blossom Paints at December 31, 2014, includes the following Debits Credits Accounts Receivable $96,000
View Policies Current Attempt in Progress The trial balance of Blossom Paints at December 31, 2014, includes the following Debits Credits Accounts Receivable $96,000 Allowance for Doubtful Accounts 820 Sales (all on credit) $96,820 (a) Present the journal entries specified below. Each item should be considered independently. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) A D. If Blossom Paints uses the aging method and estimates that $2,684 of receivables will be uncollectible, prepare the adjusting entry. If Blossom Paints estimates uncollectibles at 2.2% of accounts receivable and the allowance account had a $820 credit balance instead of a $820 debit balance, prepare the appropriate adjusting entry. Assume that on February 3, 2015, the specific account of George Bush with a balance of $382 is deemed uncollectible. Record the write-off Assume that on May 4, 2015. George Bush pays the above balance in full. Record the appropriate entries. Cable 67
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