Adj Entries - (AJE 3 Cost of goods sold 801 18000 Inventory...

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Peach Blossom Cologne Company AJE Proposed Adjusting Journal Entries  2-4-10   December 31, 2009 AOW ================================================================ Account Account Description Number Debit Credit ================================================================   (AJE # 1) Allowance for bad debts 106 1200     Accounts receivable 105 1200 To write off uncollectible          accounts per (B-1).   (AJE # 2) Provision for bad debts 833 2906      Allowance for bad debts 106 2906 To Increase provision for bad      debts per (B-5)
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Unformatted text preview: (AJE # 3) Cost of goods sold 801 18000 Inventory 109 18000 To correct inventory extension error per (C-1). (AJE # 4) Utilities expense 830 1400 Miscellaneous expense 832 365 Accounts payable 301 1765 To record unrecorded liability per (E-1). (AJE #5) Accrued interest 305 7831 Interest expense 901 7831 (AJE # 6) Federal income taxes payable 307 10593 Federal income tax expense 940 10593 To adjust federal income taxes per (G-1)....
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