Week 3 Individual Assignment

Week 3 Individual Assignment - E9-3 Month Day Description...

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Month Day Description Debit E9-3 a) Dec 31 Bad Debts Expense 1,400 Accounts Receivable - Fell b) Dec Bad Debts Expense [(840,000 - 30,000) x .01] 8,100 Allowance for Doubtful Account Dec Bad Debts Expense [(840,000 - 30,000) x .0075] 6,075 Allowance for Doubtful Account c) Dec Bad Debts Expense [(840,000 - 30,000) x .0075] 6,075 Allowance for Doubtful Account Bad Debts Expense [(120,000 x .06) +200] 7,400 Allowance for Doubtful Account E10-2 1. Sales tax on factory machinery purchased $5,000 2. Painting of and lettering on truck immediately upon purchase 700 3. Installation and testing of factory machinery 2,000 4. Real estate broker’s commission on land purchased 3,500 5. Insurance premium paid for first year’s insurance on new truck 880 6. Cost of landscaping on property purchased 7,200 7. Cost of paving parking lot for new building constructed 17,900 8. Cost of clearing, draining, and filling land 13,300 9. Architect’s fees on self-constructed building 10,000 Instructions Indicate to which account Trudy would debit each of the costs. Answers
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This note was uploaded on 12/19/2010 for the course ACC 281 taught by Professor Feleciawhitley during the Summer '10 term at University of Phoenix.

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Week 3 Individual Assignment - E9-3 Month Day Description...

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