Use t accounts general journal general ledger date

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(a) Journalize and post the adjusting entry for bad debts at December 31, 2009. (Use T accounts) GENERAL JOURNAL GENERAL LEDGER Date Account Titles and Explanations Debit Credit Bad Debts Expense Allowance for Doubtful Accounts Dec 31 Bad Debts Expense 30,120 Dec. 31 30,120 Dec. 31 8,000 Allowance for Doubtful Accounts 30,120 30,120 (To adjust allowance account to total Dec.31 38,120 estimated uncollectibles) (b) Journalize and post to the allowance account these 2010 events and transactions: 1. March 1, a $600 customer balance originating in 2009 is judged uncollectible 2. May 1, a check for $600 is received from the customer whose account was written off as uncollectible on March 1 GENERAL JOURNAL Date Account Titles and Explanations Debit Credit Mar. 1 Allowance for Doubtful Accounts 600 Accounts Receivable---customer 600 (Write-off of customer) May 1 Accouts Receivable---customer 600 Allowance for Doubtful Accounts 600 (To reverse write-off of customer on Mar. 1) 1 Cash 600 Accounts Receivable---customer 600 (To record collection from customer) GENERAL JOURNAL GENERAL LEDGER Date Account Titles and Explanations Debit Credit Bad Debts Expense Allowance for Doubtful Accounts 2010 37,800 Dec. 31 37,800 Jan. 1 1,100 Dec. 31 37,800 Dec 31 Bad Debts Expense 37,800 Allowance for Doubtful Accounts Dec.31 36,700 (To adjust allowance account to total estimated uncollectibles) (c) Journalize the adjusting entry for bad debts at December 31, 2010, assuming that the unadjusted balance in Allowance for Doubtful Accounts is a debit of $1,100 and the aging schedule indicates that total estimated bad debts will be $36,700
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Problem 8-8A GENERAL JOURNAL GENERAL LEDGER Date
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