Question: Lambert Co. has requested that you prepare journal entries from the following (this company uses the Allowance for Doubtful Accounts method based on the income
2015 Dec. 31 Recorded Bad Debts Expense of $11,000.
2016 Jan. 7 Wrote off Gene Savage's account of $800 as uncollectible.
Mar. 5 Wrote off Paul Jones's account of $1,100 as uncollectible.
July 8 Recovered $400 from Paul Jones.
Aug. 19 Wrote off Bob Shiffer's account of $1,000 as uncollectible.
Aug. 24 Wrote off Jill Neeson's account of $900 as uncollectible.
Nov. 19 Recovered $400 from Bob Shiffer.
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LAMBERT CO GENERAL JOURNAL Date Account Titles and Description PR Dr Cr 2015 Dec 31 Bad Debts Expens... View full answer
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