Question

Ponce Co. completed the following selected transactions during the year:
Jan. 19 Wrote off as uncollectible a $ 2,850.70 account of Herring Company, which had gone out of business, leaving no assets.
Apr. 27 Wrote off the account of J. Beltran as uncollectible, $ 1,458.65.
Oct. 8 Received $ 1,458.65 from J. Beltran as payment of the account written off on April 27.
Dec. 14 Journalized a compound entry to write off the following accounts as uncollectible: Bird Co., $ 875.62; K. Rollins, $ 234.50; Irwin Services, $ 5,460.25.

Required
Record the entries in a general journal, page 65, assuming the specific charge- off method is used.



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  • CreatedOctober 21, 2014
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