CH8 accounting for receivables

CH8 accounting for receivables - CH8Accountingforreceivable

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
CH8 一、 On J and 4 m ann Jan. Feb Apr. May Aug Sep Inst Jour 二、 Wal the Inst (a) C (b) P acco $8,0 (c) O to w (d) T to b 8 Accountin January 1, 2 Allowance onth, 12% ually. Durin . 5 Sold $20 20 Accepte . 18 Sold $8 for the . 20 Collecte 30 Receive y 25 Accept g. 18 Receive 25 The Jen t. 1 Sold $1 for the tructions rnalize the t ll Inc. uses t following a tructions Calculate th Prepare the ounts receiv 000 debit. Of the abov write off the The compan be uncollect g for receiv 2010, Klopp for Doubtf note dated ng the year t 0,000 of me ed Dedonde 8,000 of me amount du ed Dedonde ed payment ted Jenks In ed payment nks Inc. not 2,000 of me amount du transaction the allowan ging of the he total esti e year end a vable deter ve accounts, e uncollectib ny collects $ tible in (c). P vable penberg Com ul Accounts December the followin rchandise to r Company erchandise t e. er Company t in full from c.’s $4,000, t in full from e was disho erchandise e. s.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 2

CH8 accounting for receivables - CH8Accountingforreceivable

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online