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Assignment 2.docx - Michael Gray Accounting Part I...

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Michael GrayAccounting Part I14-Preparing Journal Entries, Exam 14PART A:PART B1.Column 1Column 2Column 3Column 4Interest payableLiabilityCreditBalance sheetpermanent2.Column 1Column 2Column 3Column 4InterestreceivableassetDebitBalance sheetpermanentHarris CompanyGeneral Journal EntriesDateTitle account and descriptionDebitCreditDec 31, 2010Bad debt expense$800Allowance for doubtful accounts$800To record bad debts this year.Jan 3, 2011Allowance for doubtful account60Accounts receivable60To write off Jal accountMar-04Allowance for doubtful account75Account receivable75To write off Halls accountJul-04Account receivable45Allowance for doubtful account45To record amount recovered from HallJul-05Accounts Receivable-Hall45Allowance for Doubtful Accounts45Cash45Accounts Receivable, Hall45Aug-19Allowance for doubtful account100Account receivable100To write off M. Wilson accountAccount receivable25
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Term
Fall
Professor
N/A
Tags
Accounting, Business, Balance Sheet, Debt, Generally Accepted Accounting Principles, Column, Doubtful Accounts, jal

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