Cap 8 ACC1010_Principles of Accounting I_HWTemplates_M5_M9M10.xlsx

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Baker CollegeACC 1010 Principles of Accounting IProblem 8-2aGeneral JournalDescriptionDebitCreditAccounts Receivable1,173,000sales revenue1,173,000record the sales revenue for the yearCash1,175,000Accounts receivable1,175,000To record collections on account for the year17-Feb Allowance for doubtful accounts4,000Accounts receivable4,000To write off R. Lowell account28-May Account for doubtful3,400to accounts recievable3,400To write a G. Boyd account13-Oct Accounts receivable600Allowance for doubtful600To re instate G.Boyd account for partial recovery13-Oct Cash600Accounts receivable600To collection G. Boyd15-Dec Allowance for doubtful1,600To account receivable1,600reference
To write off K. Marshall account15-Dec Boyd debt expense10,557Allowance for doubtful10,557To allowance for doubtful accountbAccounts receivable$129,000Accounts receivableAllowance for doubtful accounts(10,158)140000Accounts receivable, net of allowance$118,8421173000-1175000-9000$1,322,000
Allowance for doubtful accounts

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Term
Spring
Professor
Roger Powell
Tags
Counting, Generally Accepted Accounting Principles, G Boyd, R Elliot

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