Long Co has requested that you prepare journal entries from
Long Co. has requested that you prepare journal entries from the following (this company uses the Allowance for Doubtful Accounts method based on the income statement approach):
2012
Dec. 31 Recorded Bad Debts Expense of $11,000.
2013
Jan. 7 Wrote off Gene Sand’s account of $800 as uncollectible.
Mar. 5 Wrote off Paul John’s account of $400 as uncollectible.
July 8 Recovered $150 from Paul John.
Aug. 19 Wrote off Bob Shiffer’s account of $1,100 as uncollectible.
Aug. 24 Wrote off Jill Neill’s account of $650 as uncollectible.
Nov. 19 Recovered $500 from Bob Shiffer.

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