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E7-2A Darcy Floor Coverings-1

E7-2A Darcy Floor Coverings-1 - < d> 0.0 0.0 $1,108,250...

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1) Click on the "Journal Entries" tab 2) Use the drop down buttons to select account titles After the account title has been selected, enter the Dollar Amount All Cells may not be used! 4) Pay careful attention to the T accounts as the balances are updated as a result of your journal entries. 3) Incorrect accounts and/or amounts will appear in red.
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a59eb30457e89dfd4ca299edb9e09f6203cd4fe0.xls Journal Entries Accounts Receivable Allowance for Uncollectible Accounts $325,000 0.00 0.00 $7,500 $825,000 0.00 < a > 0.00 0.00 0.00 $31,750 < b > 0.00 0.00 0.00 $10,000 < c > $10,000 0.00 0.00 0.00
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Unformatted text preview: < d > 0.0 0.0 $1,108,250 0.0 $2,50 0.0 a Ac ounts Receivable 8250 0.0 Sales 8250 0.0 Reported Credit Sales of $825,0 0 b Sales Returns and Al owances 31750.0 Ac ounts Receivable 31750.0 Sales Returns and Al owances were $31,750. c 10 0 .0 Ac ounts Receivable 10 0 .0 $10,0 0 of specific customer ac ounts were writ en of . Al owance for Uncol ectible Ac ounts a59eb30457e89dfd4ca29 edb9e09f6203cd4fe0.xls Journal Entries d Bad Debts Expense Al owance for Uncol ectible Ac ounts The company estimates that 5% of net credit sales are uncol ectible...
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