A02E- Assignment #8Principles of Accounting I- Damaris Vilorio.docx

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Principles of Accountingl1Principles of Accounting IDamaris VilorioAC#1501874A02E- Assignment #8- April 10th, 2018
Principles of Accounting I2AbstractPart A (30 points)Prepare general journal entries to record the following transactions for the Harris Company. (Thecompany uses the balance sheet approach for recording bad debts expense.)
Part B (10 points each for a possible total of 40 points)For each of the following, identify in Column 1 the category to which the account belongs, in Column 2the normal balance for the account, in Column 3 the financial statement that the account in which theaccount balance is reported, and in Column 4 the account's nature (temporary/permanent).
Principles of Accounting I3(1)Column 1Column 2Column 3Column 4Interest

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Term
Summer
Professor
N/A
Tags
Balance Sheet, Generally Accepted Accounting Principles, Double entry bookkeeping system, jal

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