Journalize the 2014 transactions: (Credit account titles are automatically indented when amount is entered. Do not...
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Journalize the 2014 transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 1. March 1, a $640 customer balance originating in 2013 is judged uncollectible. 2. May 1, a check for $640 is received from the customer whose account was written off as uncollectible on March 1. No. Date Account Titles and Explanation Debit Credit 1. Mar. 1 Allowance for Doubtful Acci 640 Accounts Receivable 640 2. May 1 640 Allowance for Doubtful 640 (To reinstate account previously written off) Cash 640 Accounts Receivable 640 SHOW LIST OF ACCOUNTS By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. (b2) Post to the allowance account these 2014 events. (Post entries in the order of journal entries posted in the previous part.) Allowance for Doubtful Accounts 2013 12/31 Bal. 7,200 12/31 39,257 12/31 Bal. 46,457 2014 Accounts Receivable Journalize the 2014 transactions: (Credit account titles are automatically indented when amount is entered. Do not indent manually.) 1. March 1, a $640 customer balance originating in 2013 is judged uncollectible. 2. May 1, a check for $640 is received from the customer whose account was written off as uncollectible on March 1. No. Date Account Titles and Explanation Debit Credit 1. Mar. 1 Allowance for Doubtful Acci 640 Accounts Receivable 640 2. May 1 640 Allowance for Doubtful 640 (To reinstate account previously written off) Cash 640 Accounts Receivable 640 SHOW LIST OF ACCOUNTS By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. (b2) Post to the allowance account these 2014 events. (Post entries in the order of journal entries posted in the previous part.) Allowance for Doubtful Accounts 2013 12/31 Bal. 7,200 12/31 39,257 12/31 Bal. 46,457 2014 Accounts Receivable
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Related Book For
Financial Accounting
ISBN: 978-0133427530
10th edition
Authors: Walter Harrison, Charles Horngren, William Thomas
Posted Date:
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