Ricardo Company's balance sheet reported the following information as of January 1, 1998. Accounts Receivable 75,800 Less: Allowance for Doubtful Accounts (6,500) Net Realizable Value 69,300 The following transaction took place during January 1998: Jan 3: Sold 40,000 of merchandise,...

Depreciation for the month: Factory equipment... $642.00 Office equipment... $369.70 What accounts are debited and credited?

How would I journalize this adjusting entry? Invoices representing $1,000 of services performed during the month have not been recorded as of May 31. :confused:

Hi. I am unsure about the correct way to debit/credit these entries. Can someone help me? Window Washing Company opened on July 1, 2010. During July the following transactions were completed: July 1 Issued 14,456 shares of common stock for $14,456 cash. July 1 Purchased used truck for...

a. Sold $1,351,500 of merchandis (that had cost $980,000) on credit, terms n/30 b. Wrote off $21,600 of uncollectible accounts receivable. c. Received $669,500 cash in payment of accounts receivable. d. In adjusting the acounts on December 31, the company estimated that 2.2% of accounts ...