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Unformatted text preview: 200 Accounts Receivable( Kent Company) 3600 Cash 3800 To record bank svc charge, and nsf check Adjusting Journal Entry for Part C Interest Receivable 1000 Interest Revenue 1000 100,000 x 6% x 1/6=1000 One month interest accured on notes payable Part D NET REALIZABLE VALUE Accounts Receivable 21213600 Less: Wrote off AR 40,000 Less: Doubtful 140,000 180,000 21033600 Cash and Cash Equivalents to Be Reported Cash 93,460 Money Market 75,000 High Grade Com. Paper 3,000 Total Cash and Cash Equiv 171,460...
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- Spring '10
- Accounting, Cheque, Bank service charge, Cash Equiv, Cash Balance Balance