I-07.02 Worksheet

I-07.02 Worksheet - Allowance Beginning balance (20X7) $...

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Name: Date: Section: I-07.02 (a) GENERAL JOURNAL Date Accounts Debit Credit To record sales on account To record collections on account To record sales discounts To write-off uncollectible accounts To increase allowance 1 of 3
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Name: Date: Section: I-07.02 (b) GENERAL JOURNAL Date Accounts Debit Credit To record sales on account To record collections on account To record sales discounts To write-off uncollectible accounts To increase allowance (see calculations on next page) 2 of 3
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Name: Date: Section: I-07.02 CALCULATION OF ALLOWANCE FOR 20X8 Receivables
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Unformatted text preview: Allowance Beginning balance (20X7) $ 1,500,000 $ 40,000 Sales on account (20X7)--Collections on account (20X7)--Sales discounts (20X7)--Accounts written off (20X7)--Additions to allowance (20X7)--Ending balance (20X7)-$ -$ Receivables Allowance Beginning balance (20X8) $ - $ - Sales on account (20X8)--Collections on account (20X8)--Sales discounts (20X8)--Accounts written off (20X8)--Subtotals-$ -$ * Additions to allowance (20X8)--Ending balance (20X8)-$ -$ * (c) 3 of 3...
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This note was uploaded on 02/29/2012 for the course ACCOUNTING 101 taught by Professor Hudack during the Spring '11 term at FIU.

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I-07.02 Worksheet - Allowance Beginning balance (20X7) $...

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