Window World extended credit to customer Nile Jenkins in the amount of $130,900 for his purchase of window treatments on April 2. Terms of the sale are n/150. The cost of the purchase to Window World is $56,200. Window World had an Accounts Receivable of $456,300 and Bad Debts Expense of $47,585. On September 4 , Window World determined that Nile Jenkins's account was uncollectible and wrote off the debt. On December 3 , Mr. Jenkins unexpectedly paid in full on his account. Record each Window World transaction with Nile Jenkins. Assume in this example that Window World rarely extends credit directly, so this transaction is permitted to use the direct write-off method. Window World extended credit to customer Nile Jenkins in the amount of $130,900 for his purchase of window treatments on April 2. Terms of the sale are n/150. The cost of the purchase to Window World is $56,200. Window World had an Accounts Receivable of $456,300 and Bad Debts Expense of $47,585. On September 4, Window World determined that Nile Jenkins's account was uncollectible and wrote off the debt. On December 3. Mr. Jenkins unexpectedly paid in full on his account. Record each Window World transaction with Nile Jenkins. Assume in this example that Window World rarely extends credit directly, so this transaction is permitted to use the direct write-off method. - April 2: Window World extended credit to customer Nile Jenkins in the amount of $130,900 for his purchase of window treatments on April 2. Terms of the sale are n/150. The cost of the purchase to Window World is $56,200. Window World had an Accounts Receivable of $456,300 and Bad Debts Expense of $47,585. On September 4 , Window World determined that Nile Jenkins's account was uncollectible and wrote off the debt. On December 3, Mr. Jenkins unexpectedly paid in full on his account. Record each Window World transaction with Nile Jenkins. Assume in this example that Window World rarely extends credit directly, so this transaction is permitted to use the direct write-off method. - April 2: \begin{tabular}{|l|l|l|l|} \hline DR & [Select] & 1 [Select] \\ \hline CR & [Select] & [Select] \\ \hline \end{tabular} - Sept. 4: \begin{tabular}{|l|ll|l|l|} \hline DR & [Select ] [select] & & \\ \hlineCR & {[ Select ]} & & [Select] & \\ \hline \end{tabular} - Dec, 3: \begin{tabular}{|l|l|l|l|} \hline DR & ISelect & :( select ) & = \\ \hlineCR & ISelect ][ Select ) & = \\ \hline \end{tabular} - Dec. 3 : \begin{tabular}{|l|l|l|l|} \hline DR & [seloct] & [ [select] & : \\ \hline CR & [Select] & =[ Select] \\ \hline \end{tabular} - Sept. 4: - Dec. 3: - April 2: DR - Sept. 4: DR-DRDec.3: - Dec. 3: - April 2: \begin{tabular}{|c|c|l|l|} \hline - DR & [Select] & \multicolumn{1}{|c|}{} \\ \hline - [Select] \\ \hline Sept. 4: & [Select] & \begin{tabular}{l} [Select] \\ \hline \end{tabular} & $456,300 \\ \hline \end{tabular} - Dec. 3 : \begin{tabular}{|l|l|l|l|} \hline DR & [ Select & = & [ Select ] \\ \hline CR & [ Select ] & [Select ] & \\ \hline \end{tabular} - Dec. 3
