Question: T J Race Company uses the direct write off method for

T. J. Race Company uses the direct write-off method for recording Bad Debts Expense. At the beginning of 2012, Accounts Receivable has a $120,000 balance. Journalize the following transactions for T. J. Race:
2012
Mar. 13 Wrote off S. Rosenthall’s account for $1,600.
Apr. 14 Wrote off P. Sowell’s account for $550.
2013
Nov. 8 P. Sowell paid debt of $550 that was written off April 14, 2012.
Dec. 7 Wrote off J. Minor’s account as uncollectible, $305.
Dec. 12 Wrote off D. Losee’s account for $350 from sales made on account in 2012.


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  • CreatedApril 24, 2014
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