Accounting Notes- Day 16

Accounting Notes- Day 16 - st in settlement of an account...

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ACCOUNTING 2000 10/19 Review: Estimate Uncollectible amounts -% of account receivable -aging schedule Bad debt expense 1700 Allowance for Doubtful Account 1700 Write-off an account receivable Allowance for doubtful account 300 Account receivable-Bortz 300 Recovery of Account Receivable (2 entries) Account Receivable-Bortz 300 Allowance for Doubtful accounts 300 Cash 300 Account receivable- Bortz 300 New material: Disposing of notes receivable -honor (paid on maturity date) -dishonor (not paid) CLICKER: Wiley Co. accepts $10,000, 3-month, 12% note on Nov.1
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Unformatted text preview: st in settlement of an account with Weygandt Co. which is proper entry to record this transaction on Nov. 1 st ? Notes Receivable 10,000 Account receivable 10,000 CLICKER: Same as above, but what is the balance in interest receivable for wiley co. at December 31 st ? PXRXT $200 Ch.9 How do you record depreciation expense? Depreciation expense Accumulated depreciation Plant assets-physical substance-used in operation Razed=torn down...
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This note was uploaded on 01/19/2012 for the course ACCT 2000 taught by Professor Holmes during the Fall '08 term at LSU.

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Accounting Notes- Day 16 - st in settlement of an account...

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