Project 2 - Part A (30 points) Prepare general journal...

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Part A (30 points) Prepare general journal entries to record the followingtransactions for the Harris Company. (The company uses the balance sheetapproach for recording bad debts expense.)2010Dec. 31Recorded Bad Debts Expense, $8002011Jan. 3Wrote off Jal’s account asuncollectible,$60Mar. 4Wrote off Hall’s account asuncollectible,$75Jul. 5Recovered $45 from HallAug. 19Wrote off M. Wilson’s account asuncollectible, $100Nov. 7Recovered $25 from Jal
Mar-04Allowance for doubtful accounts75Accounts receivable-Hall75To write off Halls accountJul-05Accounts receivable45Allowance for doubtful accounts45To record amount recovered fromHallAug-19Allowance for doubtful accounts100Accounts receivable100To write off M. Wilson accountNov-07

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Term
Fall
Professor
N/A
Tags
Economics, Balance Sheet, Generally Accepted Accounting Principles, Column, Double entry bookkeeping system, jal

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