Widgets R Us, Inc. 2016 Transaction Entries 5 1 Cash 12,500 50,000 Accounts Receivable Sales Revenue 49,500 2 Cash Accounts Receivable 2 3 Allowance for Uncollectibles 150 Accounts Receivable 45,000 5 4 Purchases Accounts Payable 5 Prepaid Insurance 324 Cash 1 6 Copier Cash 7 Computer Equipment 4,500 Cash Note Payable 8 Accounts Payable 43,750 Salaries Expense 3,750 Selling Expense Administrative Expense 5,000 Cash 62,500 49,500 150 45,000 375 3,000 1,500 54,375