You have just been hired as the accountant for Fan-Tastic Sports Gear, a wholesaler of sporting goods and apparel. The previous accountant left abruptly, 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. Some of the accounts receivable transactions that you are reviewing follow.

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JOURNAL

ACCOUNTING EQUATION

	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT	ASSETS	LIABILITIES	EQUITY
1	Jan. 17	Sales		9,600.00
2		Bad Debt Expense			9,600.00
3	17	Bad Debt Expense		9,600.00
4		Accounts Receivable-CJs Sports			9,600.00
5	21	Cash		10,600.00
6		Bad Debt Expense		2,300.00
7		Accounts Receivable-Four Seasons Sportswear			12,900.00
8	Feb. 15	Accounts Receivable-Healthy Running		3,000.00
9		Bad Debt Expense		500.00
10		Sales			3,500.00
11	Mar. 4	Accounts Receivable-Four Seasons Sportswear		2,300.00
12		Bad Debt Expense			2,300.00
13	4	Cash		2,300.00
14		Bad Debt Expense			2,300.00
15	13	Cash		5,540.00
16		Accounts Receivable-Barbs Best Gear			5,540.00
17	31	Bad Debt Expense		21,070.00
18		Accounts Receivable-Healthy Running			5,250.00
19		Accounts Receivable-The Locker Room			4,100.00
20		Accounts Receivable-CJs Sports			2,780.00
21		Accounts Receivable-Get Your Gear			7,050.00
22		Accounts Receivable-Ready-2-Go			1,890.00