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    berniek1974's Avatar
    berniek1974 Posts: 3, Reputation: 1
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    #1

    Jul 23, 2013, 08:45 AM
    In the journal provided, prepare the entries for the following transactions.
    In the journal provided, prepare the entries for the following transactions. (Omit explanations.)

    Dec. 1 Sold merchandise on account to Katurah Wells for $600.
    12 Received payment of $400 from Katurah Wells.
    31 Made adjusting entry for Uncollectible Accounts Expense, using the percentage of net sales method. Net sales for the year totaled $14,000, uncollectible accounts are estimated at 2 percent, and Allowance for Uncollectible Accounts has a $50 credit balance prior to adjustment.
    Feb. 5 Wrote off Katurah Wells's balance because she filed for bankruptcy.
    17 Unexpectedly received the $200 from Katurah Wells.
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    Jul 23, 2013, 09:25 AM
    It is posted AMHD policy not to do homework.

    What are your answers? Someone will come along and comment after you post again.
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