You have just been hired as the accountant for Fan-Tastic Sports Gear Inc., a wholesaler of sporting goods and apparel. The previous accountant left abruptly in late December, 20Y7, and an accounting intern has been drafting the journal entries since January. You are examining the accounting records before finalizing the journal entries for the first quarter of 20Y8. The following journal shows some of the accounts receivable transactions that you are reviewing.

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JOURNAL

ACCOUNTING EQUATION

	DATE	DESCRIPTION	DEBIT	CREDIT
1	Jan. 17	Sales	9,800.00
2		Bad Debt Expense		9,800.00
3	17	Bad Debt Expense	9,800.00
4		Accounts Receivable-CJs Sports Corp.		9,800.00
5	21	Cash	10,600.00
6		Bad Debt Expense	2,300.00
7		Accounts Receivable-Four Seasons Sportswear Co.		12,900.00
8	Feb. 15	Accounts Receivable-Healthy Running Inc.	3,000.00
9		Bad Debt Expense	500.00
10		Sales		3,500.00
11	Mar. 4	Accounts Receivable-Four Seasons Sportswear Co.	2,300.00
12		Bad Debt Expense		2,300.00
13	4	Cash	2,300.00
14		Bad Debt Expense		2,300.00

1. Finalize the journal entries shown on the Fan-Tastic Sports Gear Inc. panel and make any necessary changes. Refer to the Chart of Accounts for the exact wording of account titles. You may also use any items from the preceding list shown in (1), if needed.

JOURNAL

ACCOUNTING EQUATION

	DATE	DESCRIPTION	DEBIT	CREDIT
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