Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Accounting (https://www.askmehelpdesk.com/forumdisplay.php?f=19)
-   -   In the journal provided, prepare the entries for the following transactions. (https://www.askmehelpdesk.com/showthread.php?t=759540)

  • Jul 23, 2013, 08:45 AM
    berniek1974
    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.
  • Jul 23, 2013, 09:25 AM
    JudyKayTee
    It is posted AMHD policy not to do homework.

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

  • All times are GMT -7. The time now is 09:18 AM.