Ccounts receivable method b prepare the adjusting

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: able method. ccounts receivable method. (b) Prepare the adjusting entry to record Bad Debts Expense using the estimate from (b) Prepare the adjusting entry to record Bad Debts Expense using the estimate from Part (a). Assume the unadjusted balance in the Allowance for Doubtful Accounts is Part (a). Assume the unadjusted balance in the Allowance for Doubtful Accounts is aa$$600credit. 600 credit. (c) Prepare the adjusting entry to record Bad Debts Expense using the estimate from (c) Prepare the adjusting entry to record Bad Debts Expense using the estimate from Part (a). Assume the unadjusted balance in the Allowance for Doubtful Accounts is Part (a). Assume the unadjusted balance in the Allowance for Doubtful Accounts is aa$$400debit. 400 debit. .. .. Aging of Accounts Receivable Method Aging of Accounts Receivable Method Aging Aging of Accounts Receivable Method Aging of Accounts Receivable Method Aging Notes Receivable Notes Receivable Notes •• In-Class Exercise:: In-Class Exercise Exercise No. Exercise No. 9--13 9 13 Page Page 384 384 Notes Receivable Notes Receivable Transactions Transactions Notes Receivable Notes Receivable Exercise 9-13 Exercise 9-13 Prepare journal entries for the following selected transactions of Deshawn Company for Prepare journal entries for the following selected transactions of Deshawn Company for 22010. 010. 2010 2010 Dec. 13 Accepted aa$10,000, 45-day, 8% note dated December 13 in granting Latisha Clark Dec. 13 Accepted $10,000, 45-day, 8% note dated December 13 in granting Latisha Clark aatime extension on her past-due accounts receivable. time extension on her past-due accounts receivable. 331 Prepared an adjusting entry to record the accrued interest on the Clark note. 1 Prepared an adjusting entry to record the accrued interest on the Clark note. Notes Receivable Notes Receivable Notes Notes Receivable Notes Receivable Notes •• In-Class Exercise:: In-Class Exercise...
View Full Document

This note was uploaded on 01/22/2014 for the course ACG 2001 taught by Professor Butler during the Winter '10 term at Broward College.

Ask a homework question - tutors are online