Chapter 9 week 4 E9-15

Chapter 9 week 4 E9-15 - E9­15 Journal October Sales $...

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Unformatted text preview: E9­15 Journal October Sales $ 20,000 Cash $ 20,000 Sold goods for cash Sales $ 160,000 Accounts Receivable $ 160,000 Sold goods on account Cash $ 130,000 Accounts Receivable $ 130,000 Collected on accounts Uncollectible Account Expense (30,000 x 0.02) $ 600 Allowance for Uncollectible Accounts $ 600 Uncollectible Account Expense $ 2,400 Accounts Receivable $ 2,400 Wrote off bad account Accounts receivable (net) 9/30/2008 $ 28,000 10/31/2008 $ 30,000 Total $ 58,000 Allowance for Uncollected Accounts $ 1,000 $ 600 9/30/2008 10/31/2008 10/31/08 write offs for bad debt $ 2,400 Total $ 4,000 Accounts receivable $ 58,000 Less: Allowance for uncollected debt $ 4,000 Accounts Receivable, net $ 54,000 ...
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Chapter 9 week 4 E9-15 - E9­15 Journal October Sales $...

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